1,450 CEOs departed in 2024, leading to increased hiring of middle-aged white men, while diverse leadership declines amidst retreat from diversity commitments.

In 2024, CEO turnover surged, with 1,450 executives departing—a 15% increase from last year. This trend has led to a rise in hiring middle-aged white men as CEOs, despite evidence that diverse leadership enhances profits and employee retention. Companies appear to be retreating from diversity commitments, particularly following the Supreme Court's 2021 ruling on affirmative action. Consequently, female and minority representation in leadership roles remains stagnant or declines.

5 months ago
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