US CEOs are older and more company-loyal than their foreign counterparts [CNBC]
Heidrick & Struggles International, Inc. (HSII)
Last heidrick & struggles international, inc. earnings: 4/27 04:01 pm
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Source: CNBC
On average, U.S. CEOs are older than their European counterparts — and more loyal. That's according to a recent study, "Route to the Top," by executive search firm Heidrick & Struggles. The research examined the paths for employees who went on to become CEOs in the U.S., the United Kingdom, France and Germany. The main reason that U.S. CEOs are older? They wait longer for promotions than their European counterparts. Meanwhile, the study claims, "European CEOs are typically younger when promoted." show chapters "Prior to being tapped as CEO, the U.S. executives toiled, on average, for 20 years within their companies, while their European counterparts attained the top job after no more than 14 years, on average, on the inside," it adds. Notably, it also found that CEOs in the U.S. are more commonly promoted from within than in other countries. For instance, 85 percent are given the top spot after working at the company, compared with 68 perce
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- 4/2/24 - Form 4
- HSII's page on the SEC website