Early departures of notable CEOs shows strong bumps in U.S. businesses: WSJ

NEW YORK, Aug. 14 (Xinhua) -- The abrupt departure of Laxman Narasimhan as chief executive of Starbucks ushered him into a group of high-profile executives who have resigned, or been ousted, after less than two years in the position, a sign that more big-shot corporations have been on bumpy roads, reported The Wall Street Journal on Wednesday.

Narasimhan assumed the CEO role at the coffee giant in March 2023 and was announced to step down on Tuesday, after roughly 16 months. The average tenure of a departing CEO in the S&P 500 is about 8 years, according to data from the Conference Board and data-analytics firm Esgauge.