IDEA #89
Power, CEOs, boards and extreme strategic deviance
The best-performing companies balance CEO and board power effectively.
What you need to know
Romantic notions abound of crusading, heroic, business leaders who overcome adversity and doubters to bring their firms to greatness. Cue footage of Jack Welch of General Electric, Steve Jobs of Apple or Bill Gates of Microsoft, but is it really such a great thing to have a dominant CEO?
Analysing the results of 51 large, publicly traded computer firms in the US from 1997 to 2003, researchers from two Canadian universities wanted to test the effect of having either a weakly or strongly ...
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