A recent study reported that the average age of a large company chief executive is falling and that the tenure of that chief executive is getting ever shorter. The Egremont research, as reported in The Sunday Times, 18 February 2007, stated that, “the average age of chief executives of FTSE 100 companies is 52” and that turnover of chief executives is increasing, “in the mid-1990s, about 8% of companies had a change of chief executive a year. Now, the figure is 15%”. The article summarised that today’s major companies are led by executives who are younger, show less loyalty to the company, take bigger remuneration packages, and are more dispensable than in the past. Click below link to download article!

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