He also stabbed three other workers, leaving them with serious injuries
uae4 hours ago
CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the Covid-19 pandemic and stressed-out chief executives sought a career change, a study from recruiting firm Heidrick & Struggles found.
The findings illustrate how CEOs are not immune to the exhaustion that has swept hundreds of millions of workers worldwide since the onset of the pandemic and has pushed many to consider a new job or lifestyle in a wave dubbed “The Great Resignation.”
“Our belief is that it will only accelerate going into next year as people have delayed their retirements,” said Jeff Sanders, co-managing partner of Heidrick’s global CEO and board practice.
There were 103 CEO appointments in the first half of 2021 out of 1,095 companies in 24 regions that Heidrick studied, including the United States, China and some European countries.
Six months prior, in the second half of 2020, 49 companies changed CEOs, according to the study.
Most companies kept their leaders in place last year as they closed ranks to deal with the challenges of the pandemic. But as it receded with the help of vaccines, companies felt they were stable enough to find a new leader, Sanders said.
“Many CEOs didn’t have to travel as much,” which helped them preserve their energy, Sanders said. But communicating “virtually” in a new medium was “exhausting,” he said.
The reluctance of many boards to meet CEO candidates physically or place risky bets on outsiders while the pandemic lingers favored internal applicants, the study found. Nearly two-thirds of new CEOs were internal candidates, up from just a little over half during the same period in 2020.
Women made up 13% of the new CEOs in the first half of this year, up from 6% in the prior period in the regions the report studied.
Yet the churn did not lead to big strides in diversity, according to the study. It found that 3% of Fortune 100 CEOs are Black, 4% are Hispanic or Latino, 4% are Asian and 1% are Middle Eastern or North African, less than their share of the U.S. population.
“I don’t think (CEO diversity) is where it needs to be,” Sanders said.
He also stabbed three other workers, leaving them with serious injuries
uae4 hours ago
Dubai FinTech Summit kicked off on Monday with over 200 exhibitors
business4 hours ago
There were no immediate details over what the agreement entailed
mena4 hours ago
Authorities are currently investigating the sightings
uae5 hours ago
Although Israel ordered civilians in Rafah to evacuate, charity organisations say no real plan for their move is in place
mena5 hours ago
On Sunday, the final day of the adult competition, the UAE national team delivered a stellar performance, adding seven more medals to their tally
sports5 hours ago
Report says MAI-1 will be "far larger" than the previous smaller, open source models Microsoft had previously trained
tech5 hours ago
Country is showcasing its attractions at ATM
business5 hours ago