Research Suggests Firms Should Look Externally For New Bosses
The Horizons Tracker
SEPTEMBER 21, 2023
The researchers draw inspiration from the private equity industry, where around 75% of new CEOs are drawn from outside the firm, with two-thirds regarded as “complete outsiders” This is almost the exact opposite of recruitment in S&P 500 firms. The rewards for both the executive and the firm are substantial.
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