executive fallout

English

Noun

executive fallout (uncountable)

1. (business) The dismissal of executives no longer required in their roles after a merger or acquisition.
   • 1966, Business Management: Practical Solutions to Management Problems, page 32:

     If you can't find just the right man for a key spot, divide the job and hire two slightly less qualified men. Watch mergers and acquisitions for executive fallout. Search for men in other fields if the fishing pond in your industry looks dry.

   • 1987, Data Center's Plant Shutdowns Monitor, page 44:

     And now with the end of 1987 approaching, the big retail company is faced with the possibility of a large executive fallout requiring substantial replacements.

   • 1997, Labour Research, volume 86, page 6:

     Lloyds TSB's 1996 accounts show that the executive fallout following the takeover of TSB by Lloyds meant the departure of two executives clutching substantial golden handshakes.