The shift towards allowing CEOs to work remotely might offer flexibility to incoming executives, but could lead to negative ramifications for employee morale and company performance.
Historically, companies have faced backlash when their CEOs operated remotely, as seen in the cases of Sears and JC Penney, highlighting potential management pitfalls.
A 2021 study claims that the performance of companies led by remote CEOs suffers, evidenced by lower return on assets and unfavorable market-to-book ratios.
The ongoing debate surrounding remote work post-pandemic illustrates complexities; while it provides flexibility, it also raises concerns about visible leadership and engagement.
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