Technological innovations have swept in and upended legacy businesses in industry after industry. The past few decades are filled with stories of CEOs who stepped up to the plate, only to realize that their competitors were playing a different game entirely. CEOs in the fast-paced electronics industry can learn from this list of fourteen CEOs from major US companies who got axed after failing to navigate disruption, according to CB Insights.
14 Most memorable CEO oustings in recent years
- John Akers (1993, IBM)
- Robert Nakasone (1999, Toys R Us)
- Gary DiCamillo (2001, Polaroid)
- John Antioco (2007, Blockbuster)
- Mike Lazaridis & Jim Balsillie (2012, BlackBerry)
- William Lynch (2013, Barnes & Noble)
- Ronald Boire (2016, Barnes & Noble)
- Mark Fields (2017, Ford)
- Jeff Immelt (2017, GE)
- Mickey Drexler (2017, J. Crew)
- Jan Singer (2018, Victoria’s Secret)
- Steve Stagner (2018, Mattress Firm)
- Margo Georgiadis (2018, Mattel)
- Camillo Pane (Coty, 2018)
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According to outplacement firm Challenger, Gray & Christmas, in 2018 roughly 1,452 CEOs left their jobs. This is a 25% increase from 2017. This signals the biggest departure wave since the 2007-2008 financial crisis. Read the CB Insights report on CEOs impacted by disruption here.
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