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Fortune 100 CEO's Average Tenure

Kennedy’s Executive Recruiter News reports that the intense scrutiny and accountability required by Sarbanes-Oxley has taken its toll on CEOs since 2002. According to the 2006 CEO Stick Rate Report released by Christian & Timbers, a global executive recruitment firm, found that 14% of CEOs stepped down during 2006. Of those CEOs who stepped down, they had an average longevity of 9.4 years, compared to the average longevity of 5.24 years for all of the Fortune 100 CEOs in 2006. “We found a 91.3% increase in the number of Fortune 100 CEO departures in the five years following Sarbanes-Oxley in 2002 compared to the five years prior…” states Brian Sullivan, chairman and CEO.