This is not uncommon in the PE/LBO world; often “turnaround CEOs” are finance professionals who essentially act as lieutenants for the GPs rather than independe

This is not uncommon in the PE/LBO world; often “turnaround CEOs” are finance professionals who essentially act as lieutenants for the GPs rather than independent executives. The real problem is when those people then go back into the world thinking of themselves as temporarily embarrassed CEOs; few of them who leave PE (based entirely on my anecdotal experience, to be sure) go on to be effective c-suite leaders. Totally wrong personality, decisionmaking, and execution profiles.