‘this paper examines the relation between the monitoring of CEOs by inside aud outside directors and CEO resignations. CEO resignations are predicted using stock returns and earnings changes as measures of prior performance. There is a stronger association between prior performance and the prhability of a resignation for companies with outsider-dominated boards than for companies with insider-d...

ACPE CEO Barry Silbaugh, MD, recently got to know U.S. Airways pilot Jeff Skites. Together, they compared and contrasted the safety issues affecting health care and aviation.

Leadership succession has been an important topic for research and management practice because of its effect on firm performance. This study integrates leadership succession and expatriate staffing literatures by investigating performance outcomes of leadership succession at foreign subsidiaries in Japan. We distinguished four types of CEO successors: expatriate followers (expatriate succeeds a...

In this paper we study some causes and consequences of founder-CEO replacements among a sample of 4,172 Danish startups created by single founders in 1999 and 2000. In contrast to the extant literature on VC-financed firms, replacements among firms in our sample are more likely among the worstand best-performing firms, and replacement is not unambiguously associated with better subsequent perfo...

A Theory of Expert Leadership How much knowledge should leaders have of their organization’s core business? This is an important question but not one that has been addressed in the management literature. In a new ‘theory of expert leadership’ (TEL), this paper blends conceptual work with recent empirical evidence. It suggests that organizations perform more effectively when led by individuals w...

We content analyzed CEO communications of a large MNC to examine the values that constitute its organizational identity and surveyed 4530 stakeholders to identify global and local managerial roles. Findings suggest that MNC CEO endorsed global culture values integrating local culture with company values that manifest in mid-level managers’ roles.

Our study extends upper-echelons theory by introducing CEO narcissism as a formal construct for explaining company strategy and performance. Drawing on psychological research indicating that narcissism is a personality dimension, rather than just a pathological disorder, we argue that narcissism in CEOs is positively related to strategic dynamism and grandiosity, and it engenders extreme and vo...

We examined the relationships among CEO perceived charisma, CEO compensation packages, and firm performance in a sample of Fortune 500 companies over a 10-year period. CEO charisma ratings obtained from company CFOs and VPs for HRM were directly related to total CEO pay but not to any firm performance measures. CEO perceived charisma also was related to shareholder value, under highly uncertain...

In 2010 Odyssey Two, Arthur C. Clarke describes the adventures of a multinational crew of US and Russian space explorers working towards a better understanding of problems during a previously unsuccessful 2001 space mission. Clarke’s space explorers have several other goals to achieve including the need to urgently reach Jupiter. The US/Soviet team believes their technological capability will g...