CEO

Turmoil helps deliver job security for CEOs

Tough economic times have not yet translated into a spike in sackings of chief executives of the world's biggest companies.

In spite of financial turmoil and sharp falls in corporate profitability, top job turnover rose only slightly worldwide in 2008, according to a Booz & Company study due to be released today.

Overall, 361 of the world's 2,500 largest public companies, or 14.4 per cent, replaced their chief executive in 2008, up slightly from 347, or 13.8 per cent, in 2007.

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