Prioritizing Experience: With the Stakes so High for Selecting the Right CEO, Are Boards Looking for a Safer Bet?

CEOs today face more pressure to perform quickly and more scrutiny from boards and shareholders when performance lags. The cost of CEO failure is high in missed opportunity, poor employee morale, lost customers and poor shareholder returns. Quantifying the costs of poor CEO performance, PwC estimated that forced CEO turnover globally costs shareholders $112 billion in total returns annually.

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