The Irrational Quest For Charismatic CEOs
from the who-needs-'em? dept
Following up on the story posted earlier about the CEO of Colgate comes this interview with the author of Searching for a Corporate Savior: The Irrational Quest for Charismatic CEOs, where he says that many of the assumptions companies make in finding a CEO are wrong. A lot of it is due to the rise in control of institutional investors who like to push out a CEO as soon as the stock starts to drop - and they never want someone from inside the company, even if there are qualified candidates. So, they've created this myth that there's a very limited pool of qualified CEO candidates (which of course, those candidates do nothing to dispel), driving up the prices on CEO compensation, and doing little to actually look at the core problems that the companies are facing.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
