Corpus ID: 20074558

Retired or Fired: How Can Investors Tell If a CEO Was Pressured to Leave?

@article{Gow2017RetiredOF,
  title={Retired or Fired: How Can Investors Tell If a CEO Was Pressured to Leave?},
  author={Ian D. Gow and D. Larcker and Brian Tayan},
  journal={Corporate Governance \& Accounting eJournal},
  year={2017}
}
CEO succession at many companies occurs in a black box. Shareholders are not privy to boardroom discussions prior to the announcement of a CEO departure, and press releases announcing the change contain boilerplate language that does not make it clear whether the CEO stepped down voluntary or was forced to resign. In this Closer Look, we examine a model — called the Push-out Score — that combines observable factors with human evaluation of circumstantial evidence to estimate the likelihood that… Expand