CEO Decision-Making
The conversation highlights the challenges of evaluating CEO performance compared to mutual fund managers, emphasizing the significant role of asymmetric information. Insights reveal that internal promotions yield greater value due to a deeper understanding of an employee's skills, while external hires show no added value. The complexity of a CEO's role, which combines soft skills and strategic decision-making, makes it even harder to assess their effectiveness.In this clip
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All Else Equal: Making Better Decisions
Ep48 “Are CEOs Underpaid?” with Dirk Jenter
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