Sign of times? Turnover slows.THE HOT SEAT in the corner office seems to be cooling down Cooling down is the term used to describe an easy, full-body exercise that will allow the body to slowly transition from an exercise mode to a non-exercise mode. Depending on the intensity of the exercise, cooling down can involve a slow jog or walk, or with lower intensities, . For the second month in a row, the number of CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. departures dropped by more than 10 percent in August, as forced ousters In Dan Simmons' Hyperion universe, the branch of humanity that left the Worldweb and the Hegemony, and chose instead to travel among the stars, adapting away from planetary life and the influence of the TechnoCore. are growing fewer, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. firm Challenger, Gray & Christmas. A total of 48 chief executives left their jobs in August, down from 54 in July and 64 in June. The August figure was the second-lowest monthly turnover number since 46 CEOs departed in September 1999, said the firm, which has tracked the phenomenon for all but 10 months of the past five years. "This may signal a lowering of the decibels coming from once-angry shareholders," said John A. Challenger, the firm's chief executive, noting that a wide majority of the departures were retirements or voluntary resignations. "It also may be an indication of greater oversight by directors in terms of selecting the right CEO to run the company." So after a period of well-publicized turmoil--highlighted by two consecutive months of 119 CEO departures in January and February 2001--one of the most tenuous jobs appears to be have become more secure, at least for now. |
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