How Does Untimely Death of an Executive Affect Stock Prices and Company Performance?

The main purpose of this project is to investigate if the sudden death of an executive will affect the company’s stock price and/or performance, and to examine any other impacts of an executive’s untimely death. Are executives the most important person in a company? If so, how much is an executive worth in comparison to the company’s overall value? Is a CEO’s pay actually worth what the company is getting in return? Many researchers believe that the CEO and executives are the soul of a company, however, there is limited evidence to prove that hypothesis (Fama and Jesnsen, 1983). There is plenty of research looking into how CEO and executives’ value correlate with the company’s overall value; however, there is very limited research on how much the other board members contribute to a company to be used for comparison as well