European
chief executives were more likely to be sacked for poor performance last year
than their US counterparts, according to a new study.
Research
by management consultants Booz Allen Hamilton found almost 10 per cent of the
world’s 2,500 largest companies changed chief executive in 2003.
In
the US, more chief executives were allowed to choose their departure date, with
5.1 per cent of companies reporting that their leaders had retired voluntarily.
In
Europe, they were more likely to be fired, with 4.6 per cent of companies
dismissing their CEOs.
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In
the UK, 6.5 per cent of leaders of large companies lost their jobs.
