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.
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