PERFORMANCE-RELATED DEPARTURES OF CEOS REACHED RECORD LEVELS IN 2004, BOOZ ALLEN HAMILTON STUDY FINDS

CEO dismissals and other forced departures reached record levels last year, according to the fourth annual survey of CEO turnover at the world’s 2,500 largest publicly traded corporations released today by strategy and technology consulting firm Booz Allen Hamilton. The study also found that boards of directors in North America are the slowest to remove underperforming CEOs, while boards in Europe are the quickest. The study comprehensively examines the linkages between CEO tenure and corporate performance, comparing CEO turnover in major regions and in specific industry sectors. Among the