After Hours
High CEO Churn, and the 401(k) Turns 40
Jan 23, 2019
Exploring high CEO turnover rates and flaws in the 401(k) system. CEO departures, impacts on businesses. Evolution of retirement plans, shift to 401(k). Alternative solutions like Social Security reform. Casual conversation on cooking experiences. TV series, book updates, food podcast recommendations.
30:52
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Quick takeaways
- Shorter CEO tenures needed for accountability and early error recognition.
- 401Ks shift risk to employees with complex options, raising retirement security concerns.
Deep dives
Discussion on CEO Turnover Trends
The episode delves into the increasing trend of CEO turnover, with a peak observed in the past year. Thousands of CEOs have left their positions, especially in large companies, where CEO tenure is averaging around five years. The discussion explores the implications of shorter CEO tenures, emphasizing the need for more exits to be seen after two years to acknowledge mistakes early and encourage accountability. Factors like impatient boards and CEO compensation structures are highlighted as contributors to the trend.
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