IDEA #26
Why being boring can make you a brilliant CEO
Dullness and diligence trump charisma and charm as great qualities to look for in a CEO.
What you need to know
With top management pay inexorably on the rise, ‘what makes a great CEO?’ is a multi-million dollar question. In a detailed study of 316 candidates under consideration to be CEOs of companies undergoing private equity transactions during the period 2000 to 2006, researchers concluded that, for both buyout and venture capital CEOs, ‘success is more strongly related to execution and resoluteness skills than to [communication or] interpersonal-related skills’. In other words, ...
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