Study Tackles Short CEO Lifespans, Somehow Misses Sarbanes-Oxley
A new study by Yan Zhang at Rice University's Jones Graduate School of Management seeks to determine why CEOs leave the job after a short period. Of the 204 company leaders Zhang studied from 1993 to 1998, 55 (27 percent) left their jobs within three years.
Is it an alarming statistic? Not really. According to the 2005 Hudson report (1), 36 percent of employees expect to leave within three years, though most of them are likely unhappy with pay and benefits, something CEOs don't share.
Zhang doesn't factor in competition from other companies and the specific nature of Sarbanes-Oxley that…