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Korn/Ferry conducted this survey to understand perceptions, principle causes and experiences in the area of terminations or severances of senior-level management – for example, a CEO, COO, CFO, Managing Director, General Manager, Board Director or Director of an Executive Committee. Respondents were employed in private and exchange listed companies with small to large market capitalizations in FMCGs, travel and entertainment sectors, and marketing services including advertising, located in Europe, the Middle East and Africa (EMEA).
One surprising finding was that involuntary executive termination is more frequent than commonly expected: 48 percent of the 262 participants were terminated from their positions within the last five years, while 106 respondents had terminated a senior manager. Restructuring is arguably the key reason for termination.
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