Andrew Hill of the Financial Times writes, “Quantity was more important than quality: it did not seem to matter whether the news about the boss was good or bad as long as there was a lot of it.
“Alas, the study may encourage zealous PRs to push their leaders more aggressively into the media. It also gives corporate leaders a perverse personal incentive to court publicity. Celebrity CEOs’ total pay was 4.1 per cent higher than the amount they would have received merely as a result of the increased share price.
“Mr Nguyen’s data set ends in the year Rakesh Khurana called the top of the market for imperial chief executives with his book Searching for a Corporate Savior, which analysed the ‘cult of the charismatic CEO’.
“The unanswered question in this latest study is whether the ‘more news is good news’ effect still applies. Mr Nguyen says it does, because investors continue to use the profile of the chief executive to help assess the large companies’ credibility.”
Read more here.
The New York Times is looking for a versatile editor to edit enterprise and feature…
International editor Matt Lamers is leaving Marijuana Business Daily. He has been there for seven years. Lamers…
The New York Times is looking for an experienced editor and manager to lead our…
Fortune is seeking two experienced, enterprising, well-sourced reporters to supercharge our coverage of artificial intelligence. …
TheStreet.com senior tech reporter Jake Krol is leaving to become U.S. managing editor for Tech Radar. Krol…
The Seattle Times, a family-owned news organization and one of the nation’s premier regional news…
View Comments