“Stanford School of Business did a did a study, and it's like seven Fortune, 500 or Fortune two 50 CEOs or C level executives die of unexpected heart attacks every single year.”
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“Almost 20% of stage three clinical trials fail, and 70% of the failures come back to clinical efficacy, which all comes back to poor leadership, the wrong talent, cutting corners, not interpreting FDA direction correctly, or protocol design.”
Darwin SchurigOct 17, 2023▶ 33:217 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionContradicted
Schurig: C-Suite Executives Have Five Years Shorter Life Expectancy
“Executive CEOs, people in the C-suite have a life expectancy five years less than the rest of us”
Darwin SchurigOct 17, 2023▶ 36:487 Fortune 250 CEOs Die Unexpectedly Every Year From This
Insight
Schurig: Companies Fail Most by Ignoring Culture Fit Above Skill Baselines
“Hiring for culture after a minimal technical skill set relevant to what the functional area is, I would say is the number one most important thing that companies fail at.”
Darwin SchurigOct 17, 2023▶ 5:187 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionSupported
Schurig: Voluntary Turnover Costs Companies 0.5x to 4x Annual Salary
“25% of employees leave annually voluntarily, and so the cost to a company for that is anywhere from half of the annual salary to four times.”
Darwin SchurigOct 17, 2023▶ 10:487 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionContradicted
Schurig: 79% of Voluntary Turnover Stems from Lack of Appreciation or Bad Managers
“CareerBuilder had a study showing that 79% of voluntary turnovers cited lack of employee appreciation as a number one reason or the immediate hiring manager.”
Darwin SchurigOct 17, 2023▶ 11:137 Fortune 250 CEOs Die Unexpectedly Every Year From This
AssertionSupported
Schurig: 70% of At-Risk Employees Believe Leaving Is Necessary for Career Advancement
“The other thing is that it showed that 70% of high risk employees are being recruited away, that they stated that they would most likely have to leave their company to be able to grow their career in advance.”
Darwin SchurigOct 17, 2023▶ 11:367 Fortune 250 CEOs Die Unexpectedly Every Year From This
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