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Dot-com CEOs lead exit parade

Published on .

Chicago--Dot-com CEOs leave their companies more often than those in any other industry, according to a new report issued by Challenger, Gray & Christmas, an executive search firm. Of 103 CEOs that left their jobs in September--whether voluntarily or not--21 had led Internet companies. That percentage is greater than in August, when 118 CEOs exited, 21 of them from Internet companies. Many of the departures have to do with increased scrutiny from venture capital firms of the dot-coms they invest in, and the VC's penchant for replacing CEOs when numbers are not reaching expectations.
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