Yeah but I imagine CTOs of fortune 50 companies are paid more than enough to relocate and probably have a golden parachute package that more than compensates for any relo costs and job search time.
I haven't work with Cheryl for probably 15 years now, but at the time her family was very important to her and I don't imagine that has changed. There are more than just monetary costs for relocating.
Ok, I'm speaking to the parent comment about looking for another job. Of course there are always reasons not to move somewhere specifically, but the vast majority of executives in the world are required to work at their companies headquarters, wherever that may be. And all of the largest companies pay executives handsomely. More than enough to make up for cost of relocation or time lost to job searching.
Relocating isn't just about cost. There's schools, friends, other support systems, general familiarity with the area. It's not easy to just pick up an relocate, and not from a financial point of view.