The top spot at companies nationwide is seeing unprecedented turnover, and post-pandemic burnout is certainly partly to blame. With our SVP and labor expert Andrew Challenger.
Maybe the job of CEO should come with a warning label, Callum Borchers writes. When bosses quip that their jobs are taking years off their lives, they might not be joking. Nineteen chief executives died in office last year, the most since 2010, according to Challenger, Gray & Christmas, Inc. The firm tallied a record 1,914 CEO exits in 2023, which Senior Vice President Andrew Challenger partly attributes to postpandemic burnout. In a January survey of 600 C-suite executives by Chief, 37% said avoiding burnout would be a personal challenge this year. A candid help-wanted ad might go something like this: Company seeks visionary leader to take business to the next level. Incumbent will be paid handsomely but may have fewer years to enjoy earnings because the stress of the role can reduce life expectancy. Oscar Munoz rose to the top post at United Airlines in 2015 and suffered a heart attack 37 days later. He returned to full-time work two months after a heart transplant and led the company until 2020. “I know a lot of people who are CEOs or are in the running to be CEOs, and there is not a single one that’s like, ‘Hmm, let me consider whether or not I want to take on the physical and mental stress of the role,’” said Munoz, 65. “It’s what we’ve been working for all our lives.” 🔗 Read more from executives who say their responsibilities affect their health: https://lnkd.in/e3NyfWnG