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CEO talent: A dime a dozen, or worth its weight in gold?

Author

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  • Nicholas E. Donatiello
  • David F. Larcker
  • Brian Tayan

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.

Suggested Citation

  • Nicholas E. Donatiello & David F. Larcker & Brian Tayan, 2018. "CEO talent: A dime a dozen, or worth its weight in gold?," European Financial Management, European Financial Management Association, vol. 24(3), pages 301-308, June.
    • Handle: RePEc:bla:eufman:v:24:y:2018:i:3:p:301-308
    DOI: 10.1111/eufm.12158
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    Cited by:

    1. Peter Cziraki & Dirk Jenter, 2021. "The Market for CEOs," CESifo Working Paper Series 9143, CESifo.
    2. George Alexandridis & John A. Doukas & Christos P. Mavis, 2019. "Does Firing a CEO Pay Off?," Financial Management, Financial Management Association International, vol. 48(1), pages 3-43, March.

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