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CEOs Sacked In Tight Times: Stanford University

Law360 (August 19, 2008, 12:00 AM EDT) -- Companies may take advantage of a bad economy to fire chief executives who wouldn't be fired if the economy were better, according to a new Stanford University study of CEO turnovers.

Stanford University reported Tuesday that its survey of more than 1,600 CEO turnovers found that CEOs are more likely to be fired when the market is doing badly.

“When stock prices are up, managers are less likely to be fired; when stock prices are down, they are more likely to be fired,” said Dirk Jenter,...
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