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There's a CEO succession crisis brewing

  • A culling of middle management is contributing to a weak pipeline of company leaders.
  • CEO turnover is increasing, making it challenging for companies to find new leaders.
  • There has been a collapse of the leadership pipeline at many companies, complicating CEO searches.
  • Factors like poor succession planning, job-hopping, and cuts to middle management are adding to the CEO succession crisis.
  • Companies are struggling to find visionary leaders with innovative ideas to drive business growth.
  • The organizational layers that once groomed C-suite successors are being dismantled, leading to a lack of potential candidates.
  • CEO turnover rates are on the rise, with a record number of chiefs leaving their roles in recent years.
  • Some companies are turning to external hires for CEO positions, while others still promote from within.
  • Job-hopping among young professionals is hindering traditional paths to the C-suite.
  • Economic uncertainties and concerns may deter potential CEOs from taking on leadership roles.

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