Data on executive turnover timing and type for US top managers.

This data article describes a dataset of US CEO turnover types created with manual data collection through searches of news stories related to CEO turnover. The data identify the fiscal year of turnover and its type for top managers in publicly-traded US firms. Researchers in economics, finance and accounting explore the role of CEO turnover in various settings, however data on the timing and type of CEO departures are not always reliably available.

Incentive pay sensitivity to firm performance prior to anticipated CEO turnover.

This study explores whether the sensitivity of CEO compensation to changes in firm performance depends on the CEO's likelihood of leaving the position. In a sample of 3180 US publicly-traded firms, we find that the sensitivity of bonus pay to firm performance is enhanced for a CEO who has reached retirement age. Further, we find that the sensitivity of bonus pay to firm performance is greater when there is evidence of a planned CEO turnover within a two-year window.