Summary.
The high turnover of CEOs in the United States affects huge numbers of other executives. At the current rate, almost 50% of the largest American firms will have a new CEO within the next four years. Another 25,000 newly acquired companies will also report to new leaders. If you’re a senior team member in a firm with a new chief executive, your career now depends on the views of a person you may not know. What’s more, your history of successes and failures may not count for much. “Remember that you are starting over,” says the internally appointed CEO of a top-ten U.S. insurance company. “No matter what your track record was—hey, it’s different now.”
