This document summarizes a study of CEO succession events among the largest 100 U.S. corporations between 2005-2015. The study analyzed executives who were passed over for the CEO role ("succession losers") and their subsequent careers. It found that 74% of passed over executives left their companies, with 30% eventually becoming CEOs elsewhere. However, companies led by succession losers saw average stock price declines of 13% over 3 years, compared to gains for companies whose CEO selections remained unchanged. The findings suggest that boards generally identify the most qualified CEO candidates, though differences between internal and external hires complicate comparisons.
This document summarizes a study of CEO succession events among the largest 100 U.S. corporations between 2005-2015. The study analyzed executives who were passed over for the CEO role ("succession losers") and their subsequent careers. It found that 74% of passed over executives left their companies, with 30% eventually becoming CEOs elsewhere. However, companies led by succession losers saw average stock price declines of 13% over 3 years, compared to gains for companies whose CEO selections remained unchanged. The findings suggest that boards generally identify the most qualified CEO candidates, though differences between internal and external hires complicate comparisons.
18. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
4Facial
Series
控油平衡系列
Balancing Face Care
鼠尾草葡萄籽
潤澤亮白系列
Moisturizing Face Care
橙花黑醋栗
抗老修護系列
Revitalizing Face Care
玫瑰石榴
舒敏呵護系列
Calming Face Care
洋甘菊琉璃苣
20
30
40
Sensitive+
19. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
控油平衡系列
Balancing Face Care
鼠尾草葡萄籽
20
20. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
控油平衡系列
Balancing Face Care
鼠尾草葡萄籽
20
鼠尾草葡萄籽潔膚膠
100ml
建議售價 NT$1950
鼠尾草葡萄籽平衡水
100ml
建議售價 NT$1950
鼠尾草葡萄籽角質潔膚乳
50ml
建議售價 NT$1200
CLEAN 潔膚 CARE 保養
BEST
BUY
21. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
控油平衡系列
Balancing Face Care
鼠尾草葡萄籽
20
鼠尾草葡萄籽控油乳液
30ml
建議售價 NT$2800
鼠尾草葡萄籽淡化霜
10ml
建議售價 NT$1500
鼠尾草葡萄籽旅行組
潔膚乳28ml/平衡水28ml/控油乳液8ml
建議售價 NT$1300
MOISTURE 潤澤 SPECIAL REPAIR 重點修護
BEST
BUY
22. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
潤澤亮白系列
Moisturizing Face Care
橙花黑醋栗
30
23. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
潤澤亮白系列
Moisturizing Face Care
橙花黑醋栗
30
橙花黑醋栗潔膚乳
100ml
建議售價 NT$1650
橙花黑醋栗平衡水
100ml
建議售價 NT$1650
CLEAN 潔膚 CARE 保養
橙花黑醋栗潤澤水
50ml
建議售價 NT$1950
BEST
BUY
24. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
潤澤亮白系列
Moisturizing Face Care
橙花黑醋栗
30
MOISTURE 潤澤 SPECIAL REPAIR 重點修護
橙花黑醋栗瑩透霜
30ml
建議售價 NT$2700
橙花黑醋栗防護乳液
30ml
建議售價 NT$2000
橙花黑醋栗果油膠囊
30顆
建議售價 NT$3900
25. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
潤澤亮白系列
Moisturizing Face Care
橙花黑醋栗
30
橙花黑醋栗潤唇霜
10ml
建議售價 NT$1300
橙花黑醋栗冰鎮滾珠眼霜
12ml
建議售價 NT$2400
橙花黑醋栗旅行組
潔膚乳28ml/平衡水28ml/防護乳液8ml
建議售價 NT$1300
SPECIAL REPAIR 重點修護
BEST
BUY
BEST
BUY
26. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
抗老修護系列
Revitalizing Face Care
玫瑰石榴
40
27. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
抗老修護系列
Revitalizing Face Care
玫瑰石榴
40
玫瑰石榴潔膚乳
100ml
建議售價 NT$2150
玫瑰石榴角質潔膚乳
30ml
建議售價 NT$1300
玫瑰石榴平衡水
100ml
建議售價 NT$2150
CLEAN 潔膚 CARE 保養
BEST
BUY
28. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
抗老修護系列
Revitalizing Face Care
玫瑰石榴
40
玫瑰石榴更新霜
30ml
建議售價 NT$4200
玫瑰石榴青春面膜
50ml
建議售價 NT$2900
玫瑰石榴潤澤霜
30ml
建議售價 NT$3550
MOISTURE 潤澤
29. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
抗老修護系列
Revitalizing Face Care
玫瑰石榴
40
玫瑰石榴果油膠囊
30顆
建議售價 NT$6300
玫瑰石榴精華液
30ml
建議售價 NT$8800
玫瑰石榴無痕眼霜
15ml
建議售價 NT$4200
玫瑰石榴旅行組
潔膚乳28ml/平衡水28ml/潤澤霜8ml
建議售價 NT$1300
SPECIAL REPAIR 重點修護
BEST
BUY
BEST
BUY
30. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
舒敏呵護系列
Calming Face Care
洋甘菊琉璃苣
Sensitive+
31. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
舒敏呵護系列
Calming Face Care
洋甘菊琉璃苣
Sensitive+
洋甘菊琉璃苣平衡水
100ml
建議售價 NT$1950
洋甘菊琉璃苣潔膚乳
100ml
建議售價 NT$1950
洋甘菊琉璃苣保濕霜
30ml
建議售價 NT$3000
CLEAN 潔膚 CARE 保養 MOISTURE 潤澤
BEST
BUY
BEST
BUY
32. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
舒敏呵護系列
Calming Face Care
洋甘菊琉璃苣
Sensitive+
SPECIAL REPAIR 重點修護
洋甘菊琉璃苣鎮定眼霜
15ml
建議售價 NT$2800
洋甘菊琉璃苣旅行組
潔膚乳28ml/平衡水28ml/保濕霜8ml
建議售價 NT$1300
BEST
BUY
33. Products Line 商品線
. 臉部系列
. 身體系列
有機肌膚保養
Nature Skin Care
1
4Body
Series
活力系列
Energizing Body Care
薑汁萊姆
放鬆系列
Relaxing Body Care
薰衣草香草
修護系列
Restoring Body Care
玫瑰沙棘
潔淨系列
Cleansing Face Care
杜松檜樹
20
30
40
Men