Turnover of CEOs at FTSE 100 companies is on pace for an all-time record in 2019, with 14 bosses having left or announced plans to leave their posts so far this year.
Activist investors are individuals or groups that purchase substantial amounts of shares of a public company in an attempt to obtain seats on the board and change how it operates.
"When they come, they come with their classic checklist of options — operational change, financial change, strategic change or, wait for it, management change."Of the 14 companies to announce changes at the helm this year, nine have already left, with one more to go in 2019, while the remaining four will step down in 2020.
In HSBC's case, while the share price has not done particularly badly, performance of the European and American operations has continued to disappoint investors.
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