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Why did most corporate boards of directors pressure CEOs to resign, even though less than majority of shareholders revolted to get thrm ousted?

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  1. Today, 01:03
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    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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