The 'Great Resignation': Why a growing number of CEOs are leaving their jobs

[Jilly_in_VA]

Corner office or not, everybody seemed to need a break after 2021. CEOs and other executives have spent the past two years juggling work-life balance like everyone else — and just like employees on lower rungs of the corporate ladder, a growing number are walking away.

“The job of a C-level executive is you’re burning the midnight oil. You add Covid into that and it feels like you’re doing twice the work for half the payout. You can’t get in front of the fires that pop up,” said Miles Crawford, former CEO of a staffing company about an hour south of Walmart’s home base of Bentonville, Arkansas. Crawford left his job in June when the company was being sold.

In February of 2020, job site ZipRecruiter.com found that there were an average of 22,072 active C-suite level job openings advertised across its network. That number plunged to a trough of 9,301 in May 2020 — and then started to climb, hitting 40,681 in October 2021.

Julia Pollak, chief economist at ZipRecruiter, said a number of factors are prompting people to quit top jobs. “It’s many factors — the burnout, the pandemic, the school closures, the need to take stock of life,” she said. “It’s a whole wide range of shocks.”

https://www.nbcnews.com/business/business-news/ceos-are-joining-great-resignation-trading-fatigue-family-time-rcna12223

[haele]

1. The cynic in me supposed it's more like "getting out while the getting is good"

Good con men know they need to leave just before the peak of they want to get away with the most money and before the bubble bursts. Get that golden parachute while it's still available.
Very few C level executives will honestly quit to take stock of their lives or spend more time with their families. Most got to that level because they enjoyed playing that type of sociopathic cut-throat game. It's an Ego drive, not a Duty drive that they have.

Haele

[ProfessorGAC]

2. Oh, Brother!

If you make 100, 200, 500x what the company's employees make, concerns over work/life balance are pathetic whining.
Silly article.

[Thomas Hurt]

3. After you have milked the economy for millions and squirreled away some off shore, why continue work

[Metaphorical]

4. Some is legitimate

As an editor, I talk to a lot of CEOs and C-Suite people, and the retirement trend is clearly real, though how much of it is driven by fatigue and how much is the loss of the trappings of prestige is hard to say. A Zoom call just doesn't have the same appeal to it that sitting in the lead chair of a swank conference room has, and for those CEOs that are in it for the prestige (the sociopathic ones), that's a real blow to the ego. However, that segment aside, most CEOs really have had to work exceptionally hard this last year to keep things afloat - supply-chain issues, personnel loss, upended business models, less opportunities to network, real estate woes. After two years of this, the temptation to past the baton to someone else has to be pretty high.

[doc03]

5. I suppose they made more than enough to retire

early.

[gratuitous]

6. Gentlemen! This is serious!

If we're gonna protect our phony-baloney jobs, something must be done. All right, first we need someone to host a segment or write an article that says how much everyone misses these CEOs and the valuable contribution they make to the running of the company. Who's up for that? Come on, I said, "Who's up for that?" Anybody? Anybody at all?

[crickets]

10. Harrumph! I didn't get a harrumph out of that guy! nt

[LudwigPastorius]

7. "Why a growing number of CEOs are leaving their jobs"

...to spend more time with their money?

[LakeArenal]

15. Funny.

[50 Shades Of Blue]

8. Those golden parachutes aren't going to spend themselves!

[Hortensis]

9. Some here have an extremely warped view of typical CEOs and what they earn.

And of course what they do to get and keep those jobs.

No, they're not poor, but according to salary.com, the range is @$417,000 to @$1,200,000. Average salary is about $783,000.

$783,000 is about TEN times today's median middle-class income. As of 2018, Pew estimated income groups as low income below $52,200; middle income $52,200 - $156,600; upper more than $156,600. Another analyst estimated upper middle class at $106,000 - $374,000, and above that as "rich."

Of course, many smaller companies pay well under what any CEO would want others to know, and some pay exceptional benefits over and above. But 100 times above is hardly normal.

Gaining new awareness of reality is a good thing. Refusing to know,...

[LudwigPastorius]

11. I'll just leave this here.

https://www.cnbc.com/2021/09/15/in-2020-top-ceos-earned-351-times-more-than-the-typical-worker.html

[malaise]

12. Needs its own OP

[XanaDUer2]

14. What's C-level

Is this lower down the food chain?

[FakeNoose]

16. They can't believe how much stinkin' money they made last year

These guys are rolling in dough and most of it is tax-free. Why should they work anymore?