In search of a kingdom: Determinants of subsequent career outcomes for chief executives who are fired
研究1988-1992年间《商业周刊》1000强公司中60位被强制解雇CEO的后续职业结果,发现年龄和解雇原因影响其能否获得新职位或进入顾问角色,而媒体关注度、离职薪酬和董事会任职则无显著影响。
Abstract Research on forced CEO succession has focused on determinants of exit, impact on the organization, or implications for the incoming CEO. Generally unexamined is what happens to the ousted CEO. Using a sample of 60 forced exits from the Business Week 1000 from 1988 to 1992, this study seeks to identify factors which influence the career outcomes for the ousted CEO. The study found that age matters—older CEOs were less likely to obtain other active executive positions, but were more likely than younger ousted CEOs to enter advisory roles. Further, the reason for the CEO's exit had a significant impact on the likelihood of subsequently assuming either an active or an advisory role. No relationship was found between career outcomes and the following: media coverage, levels of compensation at exit, board memberships. © 1995 by John Wiley & Sons, Inc.