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What makes a good CEO? : Comments
By Andrew Leigh, published 8/4/2009In good times, we tend to rate CEOs as ethical and honest. As the economy turns down, so does our view of them.
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If a CEO can find ways of making an extra 100 millions dollars by pushing prices up and cutting customer service and fool the public that they are doing customers a favour then they are worth a few million dollars in bonuses.
It is a fine line between screwing the public to the max and pushing a bit too far so the whole thing collapses. And when the whole pack of cards does collapse it is the public that pays not the CEO.