The past year has seen some real change in the economic landscape. While unemployment and job growth remain serious problems for the American economy there has been a fair amount of positive news in this area. Job growth has slowly crept upward and unemployment, while unacceptably high, has begun to decline. These changes have all taken place as executive turnover began to grow once the depths of the financial crisis back in 2008 through early 2010 was behind us. Companies, and now even many boards, are beginning to make changes in strategy and executives as the economy shows more life and resilience. While serious and often intractable problems face the economy, Liberum expects to see increased turnover in the executive ranks and ultimately further job growth throughout the economy as long as federal and state governments avoid drastic mistakes.
