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Shahid King Bolsen shared a link.

Posted on January 23, 2015 by Shahid Bolsen

Consider this…

“CEO deaths are strongly correlated with declines in firm operating profitability, asset growth and sales growth…CEOs immediate family deaths are significantly negatively correlated to firm performance. This last result establishes a strong link between the personal and business roles that top management play. Overall, our findings demonstrate CEOs are extremely important for firms prospects.”

The study focused on the actual, natural death of a CEO or a family member of a CEO; however, the logic applies to anything that could cause the sudden departure of a CEO, other than death.

If his departure was the result of threat or intimidation, the potential impact could be even greater, in fact, because it would directly influence the subsequent behavior of anyone who would replace him. And this applies to any executive or management staff.

Their findings that “a strong link between the personal and business roles that top management” is extremely important

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http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1293659
External Context سياق خارجي

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1293659

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