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But fewer CEOs feel confident of their firm’s fortunes than last year, a KPMG survey shows. More execs also want people back in the office.
Even fewer are preparing for it.
CEOs may not be economic wizards. But they have access to crucial data and make decisions that influence the economy.
Sometimes a boomerang, or returning, chief executive — like Disney’s Bob Iger — means the company’s in crisis or it needs to rejigger its succession plan.
Just one-third of those surveyed expect that recession to be minimally painful and brief.
CEOs are tasked with handling the company’s overall vision, while presidents are more focused on day-to-day operations.
John Foley, Peloton’s co-founder and CEO, is handing the reins to a leader with different experience, a moment many startups put off.
Not always.
The upside of CEO turnover, however, is that more people are getting opportunities to move up.
Satya Nadella already had a big job: CEO of one of the world’s most valuable companies. Now he chairs the board, too. How does that work?
