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Record 1,110 CEOs gone so far in 2005
2005 is the biggest year ever for CEO turnover; scandals persist despite more attention on execs.
November 8, 2005: 10:07 AM EST

NEW YORK (CNN/Money) - 2005 is the biggest year ever for chief executives leaving their positions, according to a survey released Tuesday.

With 1,110 CEO departures so far, 2005 has already exceeded the dot-com-scarred year of 2000, which had previously held the record, according to Challenger, Gray & Christmas, an outplacement firm.

In October, 96 CEOs departed their positions -- up 113 percent from the year-ago period.

And five of these left under the cloud of scandal, including one who has not paid off a $241,000 tab at a strip club that was billed to a company credit card.

"One might think that being in a constant spotlight ever since the Enron and WorldCom scandals rocked the business world would persuade all CEOs to be on their best behavior," said John A. Challenger, CEO of Challenger, Gray & Christmas.

"However, month after month we are reminded that there will always be a few bad apples to toss."

Sectors that were heavily beset by CEO turnover include health care, with 15 departures, and the technology industry (12 departures), the firm said.

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