Why CEOs Get Fired

Leadership IQ released a study a month ago, documenting the reasons why CEOs get fired. When you hear the news, it's always dressed up with euphemisms and more often than not, a nice package before boot hits butt. You're left thinking that it could have been political or a result of bad financial results. Not so says the four year Leadership IQ study, that spoke to over 1,000 board members. They found that "31% of CEOs get fired for mismanaging change, 28% for ignoring customers, 27% for tolerating low performers, 23% for denying reality and 22% for too much talk and not enough action." Makes you wonder how the CEOs ever got to where they are if they carry such incompetence.

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