Previous research has explored the impact of life and career experiences and circumstances on CEO managerial styles. This past research shows a monotonic or unidirectional effect of a CEO’s life experiences on risk-taking. For example, CEOs rising from difficult economic circumstances might be more risk-averse while CEOs born in prosperous circumstances might be less risk-averse. […]
Read More… from The Connection Between Disasters and Less Risk-Averse CEOs
Previous studies have explored the link between CEO pay and future business performance with mixed results. In some cases, higher CEO pay is linked to better results; other studies show the opposite: the companies of the highest paid CEOs perform less well, on average, than their more moderately paid counterparts. A research team from the […]
Read More… from High CEO Pay Leads to Overconfidence and Poor Results
Traditionally, industry-leading companies used to be large conglomerates that gained their dominant competitive advantage through an accumulation of assets and positions, which gave them unbeatable economies of scale. Thanks to the diversity of their portfolios, these conglomerates had a wide reach, allowing them to pursue short-term profitability and growth wherever they could find it. Today, […]
Read More… from What Your Company Can Learn from Supercompetitors
