Executive Tenure

  A study by Charles E. Lucien, a consultant for Booz Allen Hamilton, on executive tenure showed some surpising results for United States companies. American excutives of underperforming companies have longer tenures than executives of underperforming companies in other parts of the developed world. The study comes on the heels of comparisions between American companies and European companies on shareholder voting, one share one vote sytsems are much more common in American corporations than European corporations.  So with more minority shareholder voting power and litigation rights, American corporations still somehow protect the executives of underperforming companies.