Meyerinck, Felix von; Romer, Jonas; Schmid, Markus M. - 2021 - This version: May 21, 2021
This paper analyzes the reputational effects of forced CEO turnovers on outside directors. Directors interlocked to a forced CEO turnover experience large and persistent increases in withheld votes at subsequent re-elections relative to non-turnover-interlocked directors. Reputational losses are...