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14 January 2009

Headline: US CEOs depart in record numbers in 08

The Sydney Morning Herald, 14 January 2008, AFP (online)

The churn at the top of US companies hit a record high of 1,484 chief executive departures in 2008, with the financial sector drumming the most out the door, a survey reported on Tuesday.

"That is an average of nearly 124 CEO departures each month or roughly six every business day," said survey author, Challenger, Gray & Christmas, a global consulting firm.

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