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Drupady [299]
3 years ago
14

Why did most corporate boards of directors pressure CEOs to resign, even though less than majority of shareholders revolted to g

et thrm ousted?​
Business
1 answer:
Anna007 [38]3 years ago
6 0

Answer: They resigned due to involuntary departure.

Explanation:

Involuntary departure can happen to an acting CEO in any company. They CEO may have the backing of some of the majority shareholders but only a few can decide to oust them by involuntary departure.

There are several reasons listed why they are ousted such as;

  • Unexpected poor performance
  • CEO took retirement early
  • CEO resigned without knowledge of the board members
  • CEO wanted to find new job opportunities.
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Answer:

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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If planned aggregate spending in an economy can be written as pae = 15,000 + 0.6y - 20,000r, and potential output equals 36,000,
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Abc company is hesitant about entering ukraine, because the country has been experiencing social unrest in recent years. Based o
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