Studies show that top
management changes account for only about 10% of added profitability.
Often it's other
circumstances that result in a company’s doing better or worse. The
economy, business or general industrial conditions may have much to
do with any company’s near-term fortune.
There are business
cycles. Moreover, the bigger the company, the harder it is for a CEO
to turn operations around on his or her own, The CEO is certainly
important, but never to the extent the public, or the media, may
believe.(See the Earl J Weinreb NewsHole® comments and
@BusinessNewshole tweets.)
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