Good morning, Term Sheet readers. Senior editor at large Geoff Colvin here.
It’s funny where you can end up when you follow a new bit of data down a trail. For me recently, it was learning that a vast majority of the new CEOs in the S&P 500 last year—82%—were company insiders, a typical rate in recent years. But it wasn’t always so. Before 2000, the rate was much lower. CEOs were much more mobile. So what happened?
