KA111
20.06.2001, 14:58
Klar im Bärenmarkt wird vieles sehr viel genauer und kritischer wahrgenommen als in Boom-Zeiten, in denen durch steigende Kurse alles, was wichtig ist, unkritisch von dem Mantel des " Erfolges " und der hervorragenden Performance überdeckt wird.
Die wahren Qualitäten eines CEOs zeigen sich in Zeiten stürmischer Gewässer.
Institutional Investors Report High CEO Turnover: Study
Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- Fifteen percent of institutional investors have called for a chief investment officer's termination within the past year, according to a study released Tuesday by Russell Reynolds Associates, an executive consulting firm.
The study also found that among major global companies, more than half are led by a chief executive officer who has held the job less than three years.
"Today's CEO is evaluated not in years but in quarters," the report said. "And while in a boom environment investors might be willing to overlook shortcomings in CEO or board performance, a bear market prompts them to turn a more critical eye toward these issues."
The study, "CEO Turnover in a Global Economy," was conducted for Russell Reynolds by Wirthlin Worldwide, an opinion research firm. The survey was based on interviews with more than 300 institutional investors from six countries - Australia, Canada, France, Japan, the U.K., and the U.S.
This year's report is Russell Reynolds' sixth annual survey examining institutional investor attitudes. But since each survey has focused on a different set of questions, this year's findings cannot be compared with those of earlier years.
Succession planning is also a major concern among institutional investors, the study found. Of the investors surveyed, 81% said they are "troubled by the perceived failure of companies to properly groom internal CEO candidates," the report said. This was particularly true in Canada, where the investors were unanimous on this issue.
In the U.S., 63% of those surveyed said that high severance packages help to shorten CEO tenure by undermining the executives' motivation to perform.
The importance of establishing global corporate governance standards varies with investors by country, the study said. Canadian (68%), Japanese (53%), and French (51%) investors are more likely to favor such standards, while U.K. (43%) , U.S. (38%), and Australian (37%) investors are less likely.
The three most important factors influencing institutional investment decisions worldwide are a company's financial performance (94%), the performance of the company's CEO (71%), and the company's valuation (75%), the survey found.
The study also stated that investors are more likely to judge a CEO's performance by the financial record of the company (70%) and its performance versus the competition (50%), than by its stock price (39%) or valuation (33%).
-By Christiane Bird, dowjones.com
Quelle: Dow Jones Newswires
Na, ehrlich, besonders hilfreich ist diese Studie für mich nicht gerade.:)
Gruß
KA111:)
Die wahren Qualitäten eines CEOs zeigen sich in Zeiten stürmischer Gewässer.
Institutional Investors Report High CEO Turnover: Study
Of DOW JONES NEWSWIRES
NEW YORK -(Dow Jones)- Fifteen percent of institutional investors have called for a chief investment officer's termination within the past year, according to a study released Tuesday by Russell Reynolds Associates, an executive consulting firm.
The study also found that among major global companies, more than half are led by a chief executive officer who has held the job less than three years.
"Today's CEO is evaluated not in years but in quarters," the report said. "And while in a boom environment investors might be willing to overlook shortcomings in CEO or board performance, a bear market prompts them to turn a more critical eye toward these issues."
The study, "CEO Turnover in a Global Economy," was conducted for Russell Reynolds by Wirthlin Worldwide, an opinion research firm. The survey was based on interviews with more than 300 institutional investors from six countries - Australia, Canada, France, Japan, the U.K., and the U.S.
This year's report is Russell Reynolds' sixth annual survey examining institutional investor attitudes. But since each survey has focused on a different set of questions, this year's findings cannot be compared with those of earlier years.
Succession planning is also a major concern among institutional investors, the study found. Of the investors surveyed, 81% said they are "troubled by the perceived failure of companies to properly groom internal CEO candidates," the report said. This was particularly true in Canada, where the investors were unanimous on this issue.
In the U.S., 63% of those surveyed said that high severance packages help to shorten CEO tenure by undermining the executives' motivation to perform.
The importance of establishing global corporate governance standards varies with investors by country, the study said. Canadian (68%), Japanese (53%), and French (51%) investors are more likely to favor such standards, while U.K. (43%) , U.S. (38%), and Australian (37%) investors are less likely.
The three most important factors influencing institutional investment decisions worldwide are a company's financial performance (94%), the performance of the company's CEO (71%), and the company's valuation (75%), the survey found.
The study also stated that investors are more likely to judge a CEO's performance by the financial record of the company (70%) and its performance versus the competition (50%), than by its stock price (39%) or valuation (33%).
-By Christiane Bird, dowjones.com
Quelle: Dow Jones Newswires
Na, ehrlich, besonders hilfreich ist diese Studie für mich nicht gerade.:)
Gruß
KA111:)