ellie200219
contestada

Why did most corporate boards of directors pressure CEOs to resign, even though less than majority of shareholders revolted to get thrm ousted?​

Respuesta :

oopsydaisy

Answer: They resigned due to involuntary departure.

Explanation:

Involuntary departure can happen to an acting CEO in any company. They CEO may have the backing of some of the majority shareholders but only a few can decide to oust them by involuntary departure.

There are several reasons listed why they are ousted such as;

  • Unexpected poor performance
  • CEO took retirement early
  • CEO resigned without knowledge of the board members
  • CEO wanted to find new job opportunities.

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