#ceo-performance

#ceo-performance

The research centered around a model that probed the selection of 1,345 CEOs from 900 S&P 1500 firms between 1990 and 2020, and found that generally lower CEO performance versus expectations following succession correlated with higher experience among the directors who chose them. But there was a catch - this was the opposite when the CEO involuntarily left (where previous experience led to a better hire). Where the CEO voluntarily left, previous hiring experience meant weaker performance from the candidate appointed.

Companies with long-distance CEOs exhibit lower financial performance. Despite Minnesota having fewer of these executives compared to neighboring states, some public companies do have them, like UnitedHealth Group and Target.