CEOs are leaving their jobs in record numbers in what is the executive suite version of The Great Resignation
For most workers, the so-called Great Resignation is over. For CEOs, it’s just ramping up.
For most workers, the so-called Great Resignation is over. For CEOs, it’s just ramping up.
More than 1,400 chief executives have left their positions so far this year through September, according to a report by executive coaching firm Challenger, Gray & Christmas. That’s up almost 50% from the same period last year and the highest on record over that period since the firm began tracking in 2002.
Much has been written about how burnout surged during the pandemic as workers faced a series of stressors and uncertainties while navigating the global health crisis. Those feelings of exhaustion may now be catching up to executives, even as the overall quit rate in the US drifts back towards its pre-pandemic normal.
The government and nonprofit sector topped the list for CEO turnover, with more than 350 leaving their posts this year, up more than 85% over the same period last year. The technology sector saw the second-highest churn rate, with more than 140 CEOs abandoning the boardroom, up almost 50% from last year.
Challenger attributes much of the churn to an economy in flux. “Companies are revving up for economic changes in the coming months. With the rise of labor costs and interest rates, companies are looking to new leaders,” Andrew Challenger, a senior vice president at the firm, said in the report.
While the overall US workforce is shrinking as more baby boomers reach retirement age, that’s not the only reason behind the exodus, according to the report. About 22% of all CEO exits were retirements, down slightly from the 24% who retired last year.
While there was no reason given for almost a third of CEO departures, another 17% reportedly stepped down into other C-suite, board or advisory roles. Other reasons provided to Challenger include an interim period coming to an end or leaders choosing to pursue fresh opportunities.
he Art of Liberty Foundation will be co-sponsoring a conference in Sedona, Arizona on November 3rd, 4th and 5th entitled: Liberty on the Rocks!
The conference brings together some of the leading lights in Liberty to discuss our current political situation and SOLUTIONS, including how to create local Liberty groups and Freedom Cells and how to move yourself out of organized crime’s crooked admiralty law system by correcting your status and standing. Friday night, there will be a VIP Dinner and concert Featuring Grant Prezence. Saturday we are at the Global Center for Christ Consciousness in Sedona for talks, workshops and a panel. There will be a Liberty expo with the ability to table. It is free for all on Saturday after 3:00 PM. Sunday we are taking folks for yoga and hiking in the most beautiful place on the planet. Get the details at
It's got nothing to do with baby boomers. It has everything to do with getting your stock options excercised, taking your ill gotten grifted gains you stole from your employees, and getting out while the getting is good.
Don't be fooled....They know the ned of the country and the currency is near...they are converting to oil wells, property and gold. With offshore accounts and a secret bolthole.