Experience matters

Nice to see confirmation that good strategic management is more likely if the complexities of the job are handled by people with experience. HBSP’s Daily Stat reports an academic study showing that insiders make better CEOs than external appointees. Perhaps this will hold back some Boards’ preference for paying exorbitant sums to head-hunters to fix grossly excessive deals for rent-a-CEOs, then paying those CEOs off with still more bags of cash when they mess up.

Leave a Reply

Your email address will not be published. Required fields are marked *