The Impact of "Stigmatizing events" on career paths
Corporate reputations have a significant impact on professionals’ career paths and career success. Individuals who move out of organizations with an outstanding reputation manage to earn higher promotions upon transferring to a new employer than individuals affiliated with less reputable employers. In addition, reputable organizations channel their employees toward the most important corporate posts in national economies. A survey of chief financial officers in CFO Magazine, for example, showed that 89 percent of the CFOs of the largest US corporations started their career with such reputable employers as Bain & Company, General Electric, General Motors, Pepsi, IBM, or McKinsey & Company.
[This research paper has been reproduced with permission of the authors, professors of IE Business School, Spain http://www.ie.edu/]