TITLE

BEWARE OF TYPHOONS --AND 'TYCOON' CEOS

PUB. DATE
December 2002
SOURCE
Financial Executive;Dec2002, Vol. 18 Issue 9, p11
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article states that Oliver Wyman & Company has developed a "Tycoon Index" which assesses the impact of high-profile chief executive officers (CEO) on their companies. Oliver Wyman & Co. found that some business failures are associated with organizations where the high-profile CEO, or tycoon, presided over 80 percent of the organization's revenue growth. About half of the companies with high scores on the index have defaulted. Companies with tycoons do well in bull markets, but the tycoons are unable to make the strategic decisions needed in a bear market.
ACCESSION #
8710387

 

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