February Saw a Number of Surprising Trends as Tracked by Liberum Research

February saw a number of surprising changes in executive turnover as tracked by Liberum Research.  Unlike previous months, Liberum registered declines in all four key categories, CEOs, CFOs, All C-level, and Board of Directors.  We have not seen this level of a drop since the financial crisis back in 2008. A precipitous drop of this kind could present a problem for the North American Economy if it continues for a number of months.  Liberum believes the drop is an outlier and will not continue as we move into the early spring.  It is likely some of the drop might even be attributed to the severe winter weather in the U.S. Northeast.  Liberum Research remains positive overall about the North American economies, particularly the United States.  Early in March, ADP released its February Private Employment  Report.  The numbers, while not reaching most analysts expectations, were far better than the executive turnover numbers for February from Liberum Research.