CEO Talent: A Dime a Dozen, or Worth its Weight in Gold?

8 Pages Posted: 14 Jun 2018

See all articles by Nicholas Donatiello

Nicholas Donatiello

Stanford Graduate School of Business

David F. Larcker

Stanford University - Graduate School of Business

Brian Tayan

Stanford University - Graduate School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: June 2018

Abstract

Very little sophisticated research exists on the size, quality, and efficiency of the labor market for CEO talent. This paper sheds light on this labor market by considering the perspectives of directors directly responsible for hiring and firing the CEOs of the largest publicly traded corporations in the United States. We find that directors overwhelmingly believe that the CEO job is exceptionally challenging and only a handful of executives are qualified to run their company and others in their industry. This suggests that the labor market for outstanding CEO talent is significantly tighter and more competitive than governance experts might realize.

Keywords: board of directors, CEO labor market, CEO recruitment, CEO succession planning, corporate governance, internal talent development

Suggested Citation

Donatiello, Nicholas and Larcker, David F. and Tayan, Brian, CEO Talent: A Dime a Dozen, or Worth its Weight in Gold? (June 2018). European Financial Management, Vol. 24, Issue 3, pp. 301-308, 2018. Available at SSRN: https://ssrn.com/abstract=3195543 or http://dx.doi.org/10.1111/eufm.12158

Nicholas Donatiello (Contact Author)

Stanford Graduate School of Business ( email )

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David F. Larcker

Stanford University - Graduate School of Business ( email )

Graduate School of Business
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Stanford, CA 94305-5015
United States
650-725-6159 (Phone)

Brian Tayan

Stanford University - Graduate School of Business ( email )

655 Knight Way
Stanford, CA 94305-5015
United States

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