Monthly Research Book
Research Released April 1-30, 2014
RMB Band-Widening: Sort-Term Volatility, Long-Term Vulnerability Quick Note………………………………192
Andrew Polk, Economist
RMB band-widening will add to exchange rate volatility but do little to change the “soft fall”
macroeconomic picture currently unfolding. Long term may trigger an economic correction. The
RMB path is less linear.
Don’t Hold Your Breath for the Emerging Market Sell Off Quick Note……………………………………………….198
Andrew Polk, Economist
The Federal Reserve’s ongoing exit from extraordinary monetary policy is unlikely to cause
widespread capital flight from emerging markets as some investors fear.
Corporate Leadership
CEO Dismissals in the S&P 500 Chart of the Week………………………………………………………………………………204
Matteo Tonello, Vice President & Corporate Leadership Practice Lead
CEO performance is particular acute during the first five years of tenure, and even more so if the
company is faring poorly. The influence of company financial performance on CEO succession
events is generally higher among smaller companies.
CEO Inside Promotions Versus Outside Hires Chart of the Week………………………………………………………..205
Matteo Tonello, Vice President & Corporate Leadership Practice Lead
Better-performing companies are more l