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Forbes: Some CEOs run multiple companies. Should they?
13 Jun 2024
In today's busy world, many of us have to wear many hats.
Originally found at Forbes
In a new paper published in the Academy of Management Discoveries, researchers from TU Dortmund University in Germany and HEC Lausanne in Switzerland examined how some people come to hold multiple CEO positions — which is extremely unusual — and more importantly, how they legitimize these highly unorthodox arrangements to investors and stakeholders.
The paper looked at the circumstances surrounding four famous multi-CEOs. Steve Jobs (Apple and Pixar); Elon Musk (SpaceX, Tesla, Twitter); Jack Dorsey (Twitter and Square); and Carlos Ghosn (Renault and Nissan).
We need to look at this phenomenon through two lenses. First — can they do it? And secondly — should they do it?
Can someone run two companies?
Most people can't run one company well, let alone two. CEO turnover of companies on the leading stock indexes was at a five-year high last year. If the burnout doesn't get to him or her first, there are several serious roadblocks they'll encounter along the way.
Continue reading the original article at Forbes.
Read the original research in Academy of Management Discoveries.
Learn more about the AOM Scholar and explore their work:
- Lorenz Graf-Vlachy, TU Dortmund University
- Patrick Haack, University of Lausanne