My anecdote: I worked for a company whose long-time CEO retired

… My anecdote: I worked for a company whose long-time CEO retired. After an involved search, the company found a replacement. She was onboarded and started getting in a groove, then 6 months in it was announced she would be leaving for a year of maternity leave. So we had to find another CEO. 10 months later the original hire decided she would not be returning to the role (she's under no obligation to). No problem, except the replacement CEO assumed this was a temporary position, so she already had another job lined up after her term. Once again, we were searching for a new CEO... All of a sudden you're working for a company that's had 5 CEOs in 3 years. That's a hard thing for a company to deal with. People will say, "that can happen anyway!". Sure, but the strange thing here is nobody did anything wrong , and yet an incredibly destabilizing environment resulted and the business suffered.