"Together they grew the business, which provides analysis and services for company boards, and today it employs 200 staff and has big big name clients, including Nationwide, Rolls-Royce and Reckitt. "We are quite different people - very much yin and yang - but I think decisions are better made with two brains rather than one as it stops hubris," says Begg, who is London-based."
"In 2015, there were 11 companies with co-CEOs in the Russell 3000 group of the biggest public companies in the US, while in 2024, this had more than doubled to 24, according to an analysis by public company intelligence firm MyLogIQ. A raft of major companies also made such appointments in 2024, such as Oracle, Comcast, and Spotify. Netflix, meanwhile, has had co-CEOs since 2020."
"Top corporate executives are well rewarded - a report from last year showed that chief executives at the UK's biggest firms are paid, on average, 122 times the salary of the average full-time, UK worker. However, there are downsides to being in charge. According to a survey by leadership advisory firm ICEO, 56% of top executives felt burnt out in 2024. A co-CEO model divides responsibility, accountability, and, ultimately, the burden between two people."
Pippa Begg and Jennifer Sundberg ran Board Intelligence as co-chief executives for almost 16 years, growing the business to 200 staff and major clients. Co-CEO arrangements have become more common: companies with co-CEOs in the Russell 3000 rose from 11 in 2015 to 24 in 2024. Major firms such as Oracle, Comcast, Spotify, and Netflix have adopted co-CEO roles. Top executives receive high pay but face burnout, with 56% reporting burnout in 2024. The co-CEO model divides responsibility and accountability, allows time off, and lets leaders focus on their strengths across functions.
Read at www.bbc.com
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