For CEOs, high pay, higher anxiety

By Vanessa Fuhrmans and Joann S. LublinCareerDow Jones Newswires

The bosses of America's biggest and best-known companies are learning a common lesson this year: The pay is great, but job security has rarely been shakier.

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In June alone, the chief executives of General Electric Co., Uber Technologies Inc., Whirlpool Corp., Buffalo Wild Wings Inc., Perrigo Co. and Pandora Media Inc. resigned or announced their departures. Among those, only Whirlpool's Jeff Fettig didn't have to confront investor pressure in the months before announcing he will step down.

Their exits follow an especially busy season of upheaval in corner offices. In the first five months of 2017, 13 companies with market values of more than $40 billion installed new CEOs -- including American International Group Inc., Ford Motor Co., and Caterpillar Inc. -- according to an analysis for The Wall Street Journal by executive-recruitment firm Crist/Kolder Associates. That is more than double the CEO changes at mega-corporations in the same period last year.

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