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Introduction: Understanding the Challenges Facing Chief Executives

In: Managing in a Political World

Author

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  • Steve Leach

Abstract

‘Failed chief executives given large payoffs to quit, finds report’ was the headline in a recent Guardian’s news item (16 March 2010). The report referred to was an Audit Commission publication which had included a number of revelations about such pay-offs including the following: Councils had paid an average of £260,000 to 37 chief executives leaving their jobs since 2006. The average cost to councils of such payments was 1.8 times the chief executives annual basic salary. One chief executive was paid more than £500,000 to leave a job. A total of £9.5 million was paid out during the 3-year period of the study. One in six of the chief executives who received substantial pay-offs subsequently returned to work in a similar job in a different region.

Suggested Citation

  • Steve Leach, 2010. "Introduction: Understanding the Challenges Facing Chief Executives," Palgrave Macmillan Books, in: Managing in a Political World, chapter 1, pages 1-25, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-29068-6_1
    DOI: 10.1057/9780230290686_1
    as

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