Why CEOs Get Fired

This Chief Learning Officer (CLO) article points to a LeadershipIQ.com study that found that:
31 percent of CEOs get fired for mismanaging change
28 percent get fired for ignoring customers
27 percent get fired for tolerating low performers
23 percent get fired for denying reality
22 percent get fired for too much talk and not enough action

The entire article is worth a peek.

I would guess that the numbers would look similar for middle managers, perhaps higher numbers on mismanaging change, tolerating low performers, and not enough action.

What do you think?

Looking at this list, how are you doing? What are the signs of trouble?

Comments

[Stacy Brice]

I look at that list and cringe.

What's the possibility that they are actually fired because they couldn't meet hopelessly unrealistic expectations?

S

[Lisa Haneberg]

Good question, Stacy!