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Do you have a methodology for determining the revenue impact attributable directly to the CEO? Something that doesn't involve insta-cloning all the other emplo
by paulsutter 11y ago
Do you have a methodology for determining the revenue impact attributable directly to the CEO?
Something that doesn't involve insta-cloning all the other employees and customers for A/B tests.
- TheOtherHobbes 11y agoYou have a good point, but it's clear that CEOs do have a huge effect on company fortunes. When you get a rockstar CEO, the upside is obvious. And when you get an idiot CEO, so is the downside. Kind of. One problem is that Wall St isn't great at distinguishing between idiot CEOs who sweat companies in the short term but kill them in the long term, M&A shopaholic and management-by-rebrand CEOs who flap around doing a lot of useless stuff with no actual clue, rock stars who grow companies with a vision, and bullshit CEOs who churn through investor cash and wishful thinking but create no real profitability.
- doppelganger27 11y agoThe issue of distinguishing high-quality execs from low-quality ones is one of the points mentioned in the Jacquart & Armstrong paper that I think the article was referencing[1]. 1. http://knowledge.wharton.upenn.edu/wp-content/uploads/2014/02/Armstrong-paper1.pdf http://knowledge.wharton.upenn.edu/wp-content/uploads/2014/0...