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U.S. markets recover from steep losses
CHICAGO, July 9 (UPI) -- U.S. chief executive officer turnover dropped 27 percent from the previous month, but still topped 100, an outplacement consulting firm said Monday.
June's figure of 105, down from May's 144 announced departures, is the year's second-lowest turnover figure, after March's 103 CEO changes, Chicago-based Challenger, Gray & Christmas Inc. said.
It is also 17.3 percent lower than the 127 departures announced in June 2006, the international outplacement firm said.
Since January, 719 U.S. CEOs have left their posts, slightly fewer than the 728 chief executive departures recorded in yhr first six months of 2006.
High-profile June CEO departures included Yahoo Inc.'s Terry Semel, Wells Fargo & Co.'s Richard Kovacevich and Qwest Communications Corp.'s Richard Notebaert, Challenger said.
Another departure was Bradley Morrice, CEO of bankrupt subprime lender New Century Financial Corp.
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