3 ms·
> With that kind of a CEO you have to bend over backwards to poach them (eg. Making them Chair and CEO - very rare for non-founder CEOs to be granted this role)
by tzs 2y ago
> With that kind of a CEO you have to bend over backwards to poach them (eg. Making them Chair and CEO - very rare for non-founder CEOs to be granted this role)
According to the article roughly half of public companies have the same person as Chair and CEO. They cite this [1] to support that. I don't think there are enough CEO founders to account for a majority of those.
[1] https://corpgov.law.harvard.edu/2024/01/18/2023-disclosure-practices-on-board-leadership-and-structure/ https://corpgov.law.harvard.edu/2024/01/18/2023-disclosure-p...
- alephnerd 2y agoStarbucks never clubbed the chair and CEO position before and only did it for Niccols because he negotiated the same deal at Chipotle after he was poached from Taco Bell. Also, the CorpGov blog (love it btw - highly recommend RSSing it) also shows the same trend over the past several years - that companies increasingly split the CEO position and Chair position. And as an investor, I tend to demand that unless the CEO is an absolute rainmaker due to conflict of interest, and Sbux's closest competitors (Dunkin's and RBI) do the same split.