Now Playing: CEO and job stability in the Electronic Industry
Topic: CORPORATE CRAP
|Lonely at the top: 10 CEOs out in 2009|
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(10/08/2009 10:39 AM EDT)
It's been a tough year for the global electronics industry, and chief executive officers are among those who have felt the pain. Some failed to adapt, others were swamped by red ink. A few ended their tenures on a high note.
We examine the fates of 10 electronic CEOs who were shown the door in 2009. No doubt others will follow during the fourth quarter. Dissecting what went wrong at each company may shed light on how to avoid their mistakes in the future as the global electronics industry looks to recover from an historic downturn.
Despite the seemingly large number of dismissals at the top, one industry analyst reports that "most corporate executives today have managed to hold their own while a significant portion of employees working under them continue to remain fearful for their jobs or worse."
According to Liberium Research, who focuses on corporate management trends, overall CEO turnover actually declined 10 percent in September compared to the same time last year. Still, the fourth quarter could reverse of the trend.
"An increasing number of top executives may find their positions at greater risk as we move through the fall and into the winter," the market researcher warned.
What follows is our analysis of the most significant CEO changes in the electronics industry during the first three quarters of 2009: