Management Turnover as Change Agent

Thursday, January 29, 2009

Recommended Reading - Why Good CEOs Make Bad Moves

Eric Jackson, the activist shareholder, who waged an earlier Internet campaign that helped bring down Yahoo’s former CEO, Terry Sempel, wrote a fascinating piece yesterday on Seeking Alpha.  Jackson focused his column on Sidney Finkelstein, the Steven Roth Professor at the Tuck School at Dartmouth College who is considered an expert on what makes for successful top executives.  Jackson briefly discussed Finkelstein’s earlier book, Why Smart Executives Fail and his newest book, Think Again: Why Good Leaders Make Bad Decisions and How to Keep It From Happening to You about to be released, and which he co-authored with Jo Whitehead and Andrew Campbell.    

Jackson went on in the piece to interview Finkelstein to get his take on the problems we are facing today and why CEOs and their boards have often failed in their responsibilities to shareholders and their respective companies.  Check it out, Finkelstein offers a number of enlightening assessments of today’s financial predicament.

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