Marketplace has a new podcast for kids, "Million Bazillion!" EPISODE OUT NOW

CEOs face shorter tenures and tougher critics

Jeremy Hobson and Jeff Horwich Aug 10, 2012
HTML EMBED:
COPY

CEOs face shorter tenures and tougher critics

Jeremy Hobson and Jeff Horwich Aug 10, 2012
HTML EMBED:
COPY

With the disappointing JCPenney earnings today, some are already calling for the ouster of new-ish CEO Ron Johnson. The former Apple retail chief was brought in to revamp the brand and improve sales — so far, with little success.

For shareholders and corporate boards in various industries, patience with CEOs might be wearing thinner. Data show that the average tenure of a CEO has dropped from 10 years to 8.4 years since 2000.

Tom Saporito is the CEO of RHR International — it’s a firm of psychologists and consultants who work closely with top executives. He joins us now in today’s mid-day extra.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.