More CEOs apparently held on to their jobs last year than in 2006 – despite the subprime lending fallout.
Chief executive departures fell 8.3 percent from 2006’s record levels, say analysts from Challenger Gray & Christmas.
Last year, 1,356 chief executives were relieved of their duties, down from nearly 1,478 during 2006.
Of the exits, 134 came from the financial services sector, but only five were the result of firms being saddled with deep losses from the subprime market collapse.
Three hundred and sixty-nine chiefs resigned last year — 40 of those individuals were fired for reasons ranging from incompetence to personal conduct.
Three hundred and thirty three retired, 277 left to become directors and 123 moved on to new companies.