When Shareholders Aren’t Watching, Managers Misbehave

Chicago Booth’s Elisabeth Kempf, along with Bocconi University’s Alberto Manconi and Tilburg University’s Oliver G. Spalt, examines the economic impact of an environment in which shareholders are unable to actively monitor all the companies they invest in. Consistent with the standard principal-agent framework from economic theory, in which agents (managers) act on behalf of principals (shareholders), the researchers find that when shareholders are ”distracted,” executives have … [ Read more ]

Everyday habits: How CEOs navigate their six core responsibilities

To stay focused, productive, and motivated, leaders need to develop their own working rhythms and routines. Here’s how some CEOs do it.

Who Gets into the C-Suite?

Data reveal the four most important traits of America’s CEOs.

For CEOs, Building a Legacy Begins on Day One

Though they face a faster, more complex landscape than those who’ve come before them, CEOs can take a few key actions to create a lasting legacy.

  • Adopting a strategy of regret minimization can help a CEO avoid wishing, years later, that they had moved faster, been bolder, or treated people with greater kindness.
  • Building a cohesive senior leadership team that can fearlessly tell a CEO what

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What CEOs should ask in their first 100 days

Stepping into a chief executive role for the first time is exhilarating. But the reality of leading an organization hits differently when you’re actually in the seat. In an article for Harvard Business Review, Paul Griggs and Paul Leinwand outline four foundational areas and pivotal questions that can guide new leaders through their critical first 100 days.

Is Your Board Stuck in the Wrong Gear?

Effective boards shift between passive, mentor, partner and control modes to optimize engagement.

Turning Superheroes into a Super Leadership Team

In a complex, fast-changing world, leadership teams are facing challenges that are bigger than ever while trying to reach goals that are sometimes seemingly at odds. A super leadership team must: 

  • Guide the organization’s transformation while ensuring near-term performance.
  • Shift from being a group of individual “superheroes” championing their own domains to putting the enterprise first—sometimes at the expense of team members’ individual agendas.
  • Recognize the necessary behaviors

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The loneliest job? How top CEOs manage dilemmas and vulnerability

This article consolidates insights from around 100 senior leaders on five common dilemmas that complicate their ability to lead in the face of competing priorities.

Building Your First Board: Lessons for Founders

It takes more than intuition and expertise to assemble a team of directors who can help firms stay profitable and healthy.

How new CEOs can boost their odds of success

A data-driven look at the link between the strategic moves of new CEOs and the performance of their companies highlights the importance of quick action and of adopting an outsider’s perspective.

What makes a successful CEO?

McKinsey leaders have interviewed hundreds of CEOs and studied performance data on thousands more. We’ve published a number of leading articles, reports, and podcasts on the subject—as well as the 2023 bestselling book CEO Excellence. In this Explainer, we lay out the fundamentals of what it takes to succeed in the top job.

Managing Shareholders in the Age of Stakeholder Capitalism

Shareholder cultivation in the age of stakeholder capitalism requires management to identify steward shareholders and then foster symbiotic relationships with them. The authors offer four sets of tools managers can use to cultivate steward shareholders. These tools are classified into four types based on two dimensions: time-to-efficacy, which refers to the time needed for the tactics to take effect, and implementation difficulty, which pertains to … [ Read more ]

A CEO’s First 1,000 Days Begins with the First 100

The initial 100 days are a time for boldness and clarity—a time when CEOs can express the purest form of their vision for the company.

  • CEOs should create an integrated narrative that lays out their ambition as well as their plans for transformation, stakeholder management, talent assessment, and communications.
  • In addition to laying out their ambition and plans, they also have an opportunity to step outside their

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When sky-high executive pay is a case of common ownership

Overpaying CEOs is a mechanism that floats all boats but undermines competition and leaves consumers paying more.

The First 90 Hours: What New CEOs Should—and Shouldn’t—Do to Set the Right Tone

New leaders no longer have the luxury of a 90-day listening tour to get to know an organization, says John Quelch. He offers seven steps to prepare CEOs for a successful start, and three missteps to avoid.

Seven Myths of Corporate Governance

This paper examines seven commonly accepted myths about corporate governance. How can we expect managerial behavior and firm performance to improve, if practitioners continue to rely on myths rather than facts to guide their decisions?

How effective boards approach technology governance

As technology’s strategic importance to the business expands, management needs stronger board guidance. Four engagement models have proven useful.