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The journey of leadership is fraught with challenges, especially during turbulent times. As CEO turnover reaches unprecedented levels, the burden of failure often falls squarely on the shoulders of leaders, revealing a cycle of pressure and accountability. The stigma surrounding mental health among executives complicates this further, underscoring the human cost of high-stakes decision-making. However, navigating these challenges can also lead to growth and valuable lessons. Embracing failure and fostering a supportive culture is essential for sustainable leadership success.
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A rising amount of CEO lay offs ‘ As the economy continues its volatile ride, chief executive turnover has reached the highest nine-month total on record and is on a pace to surpass the 2006 year-end record. The crisis sure takes its toll.’ (Challenger, Gray & Christmas, 2007)
Vicious circle ‘Short term performance increases that are sometimes observed after CEO successions maye be evidence of self interested behavior. New CEOs cut long term allocations for short term profits, which leads to disatisfying results in the long way.’ (Harrison & Fiet, 1999)
Pressure keeps growing ‘Philip Burguieres stepped down from his £450,000-a-year position as CEO because of clinical depression, and contemplated suicide. He explains that the illness is rife among business leaders, and is kept concealed because of the stigma’ (Marsh, 2007)
Go leaders! References available upon request