CEOs are exiting at a record pace with WeWork, Juul and Ebay bosses out in just the last day.
Key Points
"CEOs are now being held on a shorter leash," said Jeffrey Sonnenfeld, a senior associate dean at the Yale School of Management.and Juul have all stepped down from their posts, the continuation of a record-setting pace of exits this year by the heads of U.S. businesses. Experts says there has been a shift to more accountability because of worries about the slowing economic expansion, which has been"CEOs are now being held on a shorter leash," said Jeffrey Sonnenfeld, a senior associate dean at the Yale School of Management. "When the puffery and the rhetoric doesn't match reality, the boards are under pressure to hold the CEOs accountable.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WSJ News Exclusive | WeWork CEO Adam Neumann Expected to Step DownBreaking: Adam Neumann is expected to step down as WeWork CEO but remain chairman, according to people familiar with the matter
Read more »
WeWork CEO Adam Neumann to step down amid controversy and retain chair roleThe executive has been under pressure since WeWork released its S-1, amid concerns about its corporate governance and valuation.
Read more »
Embattled WeWork Founder Adam Neumann Steps Down As CEOThe controversial co-founder is stepping down amid increasing pressure.
Read more »
Embattled WeWork Founder Adam Neumann Steps Down As CEOWeWork’s Adam Neumann is stepping down as CEO of the company by skleb1234
Read more »
As WeWork Stumbles, Its Smaller Competitors Cash InHow have some of WeWork’s competitors been raising money and expanding in big cities? By persuading investors and clients how different they are from WeWork.
Read more »