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020 _a9780691120393
_qprint
020 _a9781400841097
_qPDF
024 7 _a10.1515/9781400841097
_2doi
035 _a(DE-B1597)9781400841097
035 _a(DE-B1597)453606
035 _a(OCoLC)979970264
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aBUS030000
_2bisacsh
082 0 4 _a658.407111
084 _aonline - DeGruyter
100 1 _aKhurana, Rakesh
_eautore
245 1 0 _aSearching for a Corporate Savior :
_bThe Irrational Quest for Charismatic CEOs /
_cRakesh Khurana.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2011]
264 4 _c©2002
300 _a1 online resource (336 p.) :
_b2 halftones. 7 line illus.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 0 _tFrontmatter --
_tContents --
_tPreface --
_t1. "Everyone Knew He Was Brilliant": The Wooing of Jamie Dimon --
_t2. A Different Kind of Market --
_t3. The Rise of the Charismatic CEO --
_t4. Board Games: The Role of Directors in CEO Search --
_t5. The Go-Betweens: The Role of the Executive Search Firm --
_t6. Crowning Napoleon: The Making of the Charismatic Candidate --
_t7. Open Positions, Closed Shops: Learning from the External CEO Succession Process --
_tAppendix --
_tNotes --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aCorporate CEOs are headline news. Stock prices rise and fall at word of their hiring and firing. Business media debate their merits and defects as if individual leaders determined the health of the economy. Yet we know surprisingly little about how CEOs are selected and dismissed or about their true power. This is the first book to take us into the often secretive world of the CEO selection process. Rakesh Khurana's findings are surprising and disturbing. In recent years, he shows, corporations have increasingly sought CEOs who are above all else charismatic, whose fame and force of personality impress analysts and the business media, but whose experience and abilities are not necessarily right for companies' specific needs. The labor market for CEOs, Khurana concludes, is far less rational than we might think. Khurana's findings are based on a study of the hiring and firing of CEOs at over 850 of America's largest companies and on extensive interviews with CEOs, corporate board members, and consultants at executive search firms. Written with exceptional clarity and verve, the book explains the basic mechanics of the selection process and how hiring priorities have changed with the rise of shareholder activism. Khurana argues that the market for CEOs, which we often assume runs on cool calculation and the impersonal forces of supply and demand, is culturally determined and too frequently inefficient. Its emphasis on charisma artificially limits the number of candidates considered, giving them extraordinary leverage to demand high salaries and power. It also raises expectations and increases the chance that a CEO will be fired for failing to meet shareholders' hopes. The result is corporate instability and too little attention to long-term strategy. The book is a major contribution to our understanding of corporate culture and the nature of markets and leadership in general.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 0 _aChief executive officers.
650 0 _aExecutive succession.
650 0 _aExecutives
_xRecruiting.
650 7 _aBUSINESS & ECONOMICS / Human Resources & Personnel Management.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400841097
856 4 0 _uhttps://www.degruyter.com/isbn/9781400841097
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400841097.jpg
942 _cEB
999 _c206545
_d206545