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Thursday, May 15, 2008
Private equity = CEO turnover
  One in four CEOs whose company is bought by private equity investors will be replaced, and board turnover is even higher, according to a study of UK takeovers by midmarket accountants and consultants Grant Thornton and director-search firm Directorbank.
  Yet, the report ads, CEOs often encourage private equity investments, as do board directors, partly due to the fat  payouts. Call it a personal exit strategy. Private Equity Wire article here.
Posted by Joseph N. DiStefano @ 10:01 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Your source for M&A, commercial real estate and private equity news in Philadelphia and nearby. By Inquirer business reporter Joseph N. DiStefano. Joe has worked for the Inquirer, mostly, since 1988. Last year he covered Citigroup for Bloomberg News. He's the author of Comcasted, a book about Philadelphia’s most-valuable company. He holds a degree in economics from Penn.
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