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Musical Chairs?

The trend in boardrooms is to nix a seat--COO.

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This story appears in the April 2006 issue of Entrepreneur. Subscribe »

Where did the COO go? It's a question you might ask looking at today's organizational charts.

In 1999, there were 249 COOs at large, publicly traded companies; by 2005, the number had dropped to 204, according to Crist Associates, a Hinsdale, Illinois, recruiting and succession planning firm. General Motors, IBM, Motorola and Procter & Gamble have all nixed the COO position in the past few years.

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