Elon Musk is the poster-child for just that syndrome of a board that still hasn't put a leash on a brilliant creator," said Sonnenfeld. US-based firms saw 159 changes of CEO in August 2019, a 28% MoM increase and the highest monthly level on record, according to data from executive coaching outfit Challenger, Gray & Christmas. The average change was for CEOs at US companies with more than 500 employees – up by almost 20% compared to July 2018. The report was followed by announcements this week that WeWork CEO Adam Neumann, eBay CEO Devin Wenig and Kevin Burns, the CEO of e-cigarette company Juul, have all resigned.
US-based firms saw 159 changes of CEO in August 2019, a 28% MoM increase and the highest monthly level on record, according to data from executive coaching outfit Challenger, Gray & Christmas. The average change was for CEOs at US companies with more than 500 employees – up by almost 20% compared to July 2018. The report was followed by announcements this week that WeWork CEO Adam Neumann, eBay CEO Devin Wenig and Kevin Burns, the CEO of e-cigarette company Juul, have all resigned.