A record 1,332 CEOs have left their positions through October this year, a survey shows Wednesday.
Challenger, Gray & Christmas Inc. found that 172 CEOs resigned last month, pushing the year's total beyond January through October. period since the company began tracking the CEO's departures in 2002.
The number of exits this year is 13 percent higher than the 1,176 CEOs who announced their departure through October 2018.
Andrew Challenger, vice president of the company, said in the release that most of the CEO's departures were based on "normal success plans," but six CEOs left in October on charges of professional conduct.
"October was marked by a number of high-profile CEOs, many of whom were held responsible for various misconduct, whether in their professional handling of the company or in their personal lives," Challenger said.
The number of CEOs leaving this year beats the previous record of CEOs that expires in October 2008 during the Great Recession, when 1
Most of the CEOs who retired last month, and made up 35 top executives, ran companies in the government / nonprofit sector. CEOs of these companies have been at 25 percent higher interest rates this year than 2018 through October.
Technology and finance companies have respectfully experienced the second highest CEO's retirement rates this year.
The study follows two months of turmoil for top executives as executives for WeWork, Juul, Nike, Under Armor and eBay all confirmed that they are leaving their positions, NBC News reported. McDonald's announced that he fired his CEO this weekend after he had a relationship with an employee.
CEOs are tracked from companies that have been in existence for at least two years and have at least 10 employees, according to the release.