TalkingPointz Chatz: Exec Turnover
In this episode of Talking Points Chatz, Dave Michels and Dave Danto discuss the high turnover rates among C-suite executives in various industries, particularly in the tech sector. They note that numerous high-profile leaders, including the CEOs of Nice, AWS, Twilio, and Bandwidth.com, have announced their departures recently. Danto highlights that a record number of CEO changes have occurred in the US, attributing it to factors such as the stress of navigating companies through the pandemic and current economic uncertainties. Michels and Danto explore the impact of AI, financial instability, geopolitical tensions, and the breakdown of trust within organizations. They conclude that these challenges are creating a “perfect storm” of uncertainty and stress, likely making this high turnover the new normal.