Searching for a corporate savior: the irrational quest for charismatic CEOs
Publisher's description: Corporate CEOs are headline news. Stock prices rise and fall at word of their hiring and firing. Business media debate their merits and defects as if individual leaders determined the health of the economy. Yet we know surprisingly little about how CEOs are selected and...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Princeton, N.J.
Princeton University Press
2002
|
| Schlagworte: | |
| Online-Zugang: | Table of contents Publisher description Inhaltsverzeichnis |
| Zusammenfassung: | Publisher's description: Corporate CEOs are headline news. Stock prices rise and fall at word of their hiring and firing. Business media debate their merits and defects as if individual leaders determined the health of the economy. Yet we know surprisingly little about how CEOs are selected and dismissed or about their true power. This is the first book to take us into the often secretive world of the CEO selection process. Rakesh Khurana's findings are surprising and disturbing. In recent years, he shows, corporations have increasingly sought CEOs who are above all else charismatic, whose fame and force of personality impress analysts and the business media, but whose experience and abilities are not necessarily right for companies' specific needs. The labor market for CEOs, Khurana concludes, is far less rational than we might think. Khurana's findings are based on a study of the hiring and firing of CEOs at over 850 of America's largest companies and on extensive interviews with CEOs, corporate board members, and consultants at executive search firms. Written with exceptional clarity and verve, the book explains the basic mechanics of the selection process and how hiring priorities have changed with the rise of shareholder activism. Khurana argues that the market for CEOs, which we often assume runs on cool calculation and the impersonal forces of supply and demand, is culturally determined and too frequently inefficient. Its emphasis on charisma artificially limits the number of candidates considered, giving them extraordinary leverage to demand high salaries and power. It also raises expectations and increases the chance that a CEO will be fired for failing to meet shareholders' hopes. The result is corporate instability and too little attention to long-term strategy. The book is a major contribution to our understanding of corporate culture and the nature of markets and leadership in general. |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | XX, 295 Seiten Illustrationen |
| ISBN: | 0691074372 9780691120393 |
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| 520 | 3 | |a Publisher's description: Corporate CEOs are headline news. Stock prices rise and fall at word of their hiring and firing. Business media debate their merits and defects as if individual leaders determined the health of the economy. Yet we know surprisingly little about how CEOs are selected and dismissed or about their true power. This is the first book to take us into the often secretive world of the CEO selection process. Rakesh Khurana's findings are surprising and disturbing. In recent years, he shows, corporations have increasingly sought CEOs who are above all else charismatic, whose fame and force of personality impress analysts and the business media, but whose experience and abilities are not necessarily right for companies' specific needs. The labor market for CEOs, Khurana concludes, is far less rational than we might think. Khurana's findings are based on a study of the hiring and firing of CEOs at over 850 of America's largest companies and on extensive interviews with CEOs, corporate board members, and consultants at executive search firms. Written with exceptional clarity and verve, the book explains the basic mechanics of the selection process and how hiring priorities have changed with the rise of shareholder activism. Khurana argues that the market for CEOs, which we often assume runs on cool calculation and the impersonal forces of supply and demand, is culturally determined and too frequently inefficient. Its emphasis on charisma artificially limits the number of candidates considered, giving them extraordinary leverage to demand high salaries and power. It also raises expectations and increases the chance that a CEO will be fired for failing to meet shareholders' hopes. The result is corporate instability and too little attention to long-term strategy. The book is a major contribution to our understanding of corporate culture and the nature of markets and leadership in general. | |
| 650 | 4 | |a Cadres (Personnel) - Recrutement | |
| 650 | 4 | |a Cadres (Personnel) - Relève | |
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| 650 | 4 | |a Chefs de direction | |
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| 650 | 7 | |a Opvolging |2 gtt | |
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| 650 | 4 | |a Executive succession | |
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Datensatz im Suchindex
| _version_ | 1804129306042957824 |
|---|---|
| adam_text | CONTENTS
ix Preface
i 1. Everyone Knew He Was Brilliant : The Wooing of
Jamie Dimon
20 2. A Different Kind of Market
51 3. The Rise of the Charismatic CEO
81 4. Board Games: The Role of Directors in CEO Search
118 5. The Go Betweens: The Role of the Executive
Search Firm
151 6. Crowning Napoleon: The Making of the Charismatic
Candidate
186 7. Open Positions, Closed Shops: Learning from the
External CEO Succession Process
221 Appendix
237 Notes
273 References
289 Index
vii
|
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| dewey-full | 658.4/07111 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
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| dewey-search | 658.4/07111 |
| dewey-sort | 3658.4 47111 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| format | Book |
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| institution | BVB |
| isbn | 0691074372 9780691120393 |
| language | English |
| lccn | 2002070379 |
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| spelling | Khurana, Rakesh 1967- Verfasser (DE-588)173616844 aut Searching for a corporate savior the irrational quest for charismatic CEOs Rakesh Khurana Princeton, N.J. Princeton University Press 2002 XX, 295 Seiten Illustrationen txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Publisher's description: Corporate CEOs are headline news. Stock prices rise and fall at word of their hiring and firing. Business media debate their merits and defects as if individual leaders determined the health of the economy. Yet we know surprisingly little about how CEOs are selected and dismissed or about their true power. This is the first book to take us into the often secretive world of the CEO selection process. Rakesh Khurana's findings are surprising and disturbing. In recent years, he shows, corporations have increasingly sought CEOs who are above all else charismatic, whose fame and force of personality impress analysts and the business media, but whose experience and abilities are not necessarily right for companies' specific needs. The labor market for CEOs, Khurana concludes, is far less rational than we might think. Khurana's findings are based on a study of the hiring and firing of CEOs at over 850 of America's largest companies and on extensive interviews with CEOs, corporate board members, and consultants at executive search firms. Written with exceptional clarity and verve, the book explains the basic mechanics of the selection process and how hiring priorities have changed with the rise of shareholder activism. Khurana argues that the market for CEOs, which we often assume runs on cool calculation and the impersonal forces of supply and demand, is culturally determined and too frequently inefficient. Its emphasis on charisma artificially limits the number of candidates considered, giving them extraordinary leverage to demand high salaries and power. It also raises expectations and increases the chance that a CEO will be fired for failing to meet shareholders' hopes. The result is corporate instability and too little attention to long-term strategy. The book is a major contribution to our understanding of corporate culture and the nature of markets and leadership in general. Cadres (Personnel) - Recrutement Cadres (Personnel) - Relève Charisma gtt Chefs de direction Directeuren gtt Opvolging gtt Recrutering gtt Chief executive officers Executive succession Executives Recruiting http://www.loc.gov/catdir/toc/prin031/2002070379.html Table of contents http://www.loc.gov/catdir/description/prin022/2002070379.html Publisher description HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009879908&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Khurana, Rakesh 1967- Searching for a corporate savior the irrational quest for charismatic CEOs Cadres (Personnel) - Recrutement Cadres (Personnel) - Relève Charisma gtt Chefs de direction Directeuren gtt Opvolging gtt Recrutering gtt Chief executive officers Executive succession Executives Recruiting |
| title | Searching for a corporate savior the irrational quest for charismatic CEOs |
| title_auth | Searching for a corporate savior the irrational quest for charismatic CEOs |
| title_exact_search | Searching for a corporate savior the irrational quest for charismatic CEOs |
| title_full | Searching for a corporate savior the irrational quest for charismatic CEOs Rakesh Khurana |
| title_fullStr | Searching for a corporate savior the irrational quest for charismatic CEOs Rakesh Khurana |
| title_full_unstemmed | Searching for a corporate savior the irrational quest for charismatic CEOs Rakesh Khurana |
| title_short | Searching for a corporate savior |
| title_sort | searching for a corporate savior the irrational quest for charismatic ceos |
| title_sub | the irrational quest for charismatic CEOs |
| topic | Cadres (Personnel) - Recrutement Cadres (Personnel) - Relève Charisma gtt Chefs de direction Directeuren gtt Opvolging gtt Recrutering gtt Chief executive officers Executive succession Executives Recruiting |
| topic_facet | Cadres (Personnel) - Recrutement Cadres (Personnel) - Relève Charisma Chefs de direction Directeuren Opvolging Recrutering Chief executive officers Executive succession Executives Recruiting |
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