Top-level executives have managed to remain immune from any jobs losses, even as companies worldwide have issued thousands of pink slips over the past 10 months to workers mid-to-lower ranks, a report says.
According to an independent research firm Liberum Research, studying changes in top-management levels in listed companies, unlike most workers top executives have managed to keep their positions during these difficult economic times.
"While there are always high-profile executive changes and turnover in the top ranks of public companies, the majority of executives have continued to remain immune from job losses that so many others workers have faced or have been threatened with," Liberum Research said in a report.
"This trend has continued now for well over 10 months," it added.
However, Liberum predicts that the top executive ranks would not remain immune much longer from the ongoing employment turmoil.
Liberum anticipates executive turnover would begin to rise as we move into the late spring and summer months.
The report stated that executive turnover numbers for April 2009 have remained slow compared with the same month last year.