January Executive Turnover Continues to Decline

Liberum’s executive turnover data for January 2014 continued to follow the same negative trend we have been measuring for the last few months.  CEO and CFO changes monitored by Liberum Research saw significant percentage declines from the same month a year earlier and from the previous month of December 2013.  The trend was somewhat more confusing when we examined the same changes with regard to overall C-level turnover (as defined by Liberum as all C-level executives down to VP level) and to turnover in the Board of directors. C-level turnover was static (virtually unchanged) for both periods and board of director turnover was actually up in both periods.  The January employment figures from U.S. Department of Labor that came out Friday, February 7, 2014 were also somewhat disappointing as well.  According to the BLS Employment Report: