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Ep29 “How Do You Become CEO?” with Dirk Jenter 

Stanford Graduate School of Business
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A lot has been written and said about CEOs and their compensation, but who are they really and how did they get there? According to the data, what are the most likely paths to become one? In this episode of All Else Equal: Making Better Decisions, hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by Dirk Jenter, Professor of Finance at the London School of Economics, for a fascinating discussion of CEOs, including the surprising truths about who rises to the rank of CEO and from where, as well as exploring the issue of CEO pay, and how it could be justified.
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29 сен 2024

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Комментарии : 40   
@RingsOfSolace
@RingsOfSolace Год назад
"Most of our listeners are senior executives." Me, a warehouse manager: "uhhh, yeah..."
@thyagarajesh184
@thyagarajesh184 Год назад
This is the best I have heard or read about pursuing a career as a CEO.
@luyangathe3rd713
@luyangathe3rd713 Год назад
I agree. Awesome insights.
@Victor-qu1dl
@Victor-qu1dl Год назад
I really love that the moderators didn’t interrupt Dirk’s flow.
@Kienlamb
@Kienlamb Год назад
It seems like the reason for hiring CEO internally makes a lot of sense from the people and network perspective, why not do the same for managers, directors, and head of department as well since these positions also require similar skill sets?
@ghislaind4747
@ghislaind4747 Год назад
excellent insights, thank you
@duirmediallc2111
@duirmediallc2111 11 месяцев назад
Really good talk so far, 6:14, could it be that the CEO left the company in a great position? After passing. Does that data support that the trend was low at his availability and after he left it trended up.⬆️
@zzaamir
@zzaamir 7 месяцев назад
He just made deductions based on 20-25% of the time share values go down.. doesn't that mean 75-80% of time shares go up or remain unaffected.. 🤷🏻‍♂️
@godstimeokirie
@godstimeokirie Год назад
Really learnt from this.
@sirisaksirisak6981
@sirisaksirisak6981 8 месяцев назад
They choose you not you choose.
@koochoonhong6983
@koochoonhong6983 Год назад
Digit came to be eventful its finest edge.
@academiamasters3850
@academiamasters3850 10 месяцев назад
They hire people who are in their circle and rarely hire a random Joe.
@zzaamir
@zzaamir 7 месяцев назад
5:22 25% of companies show upward movement after CEO death..meaning people saw them as more valuable after the CEO passed away..you went on and made sevrral deductions based on this.. you completely forgot thats "JUST 20-25% OF THE TIME" what about the rest..
@oopsingh
@oopsingh Год назад
CEO does matter, this is so obvious.. you don't need to explain... Wast of this listening this
@kamilknap1867
@kamilknap1867 Год назад
I love the topic! I would argue that there are more than Fortune 500 companies in the United States, and focusing on them makes the discussion very bias in favor of companies that elready conquered market. Being CEO of such a company - as proven in discussion is goal once you are 58. My question, therefore is the Nasdaq traded companies...mid tier.. how does it look there?
@ErinOliviaCollins
@ErinOliviaCollins Год назад
Whether it is a family, or a business, or even a state, the country cannot do without the existence of a leader, who controls the development direction of this place. Only under the correct leadership, more people will know which direction to go. , the group cannot unite without a leader, they need a voice to tell them what to do.
@tonmoydutta4788
@tonmoydutta4788 4 месяца назад
This changed my perspective towards CEOs, life is not always a bed of roses... you gotta deal with the thorns too.
@christopherrussell9349
@christopherrussell9349 Год назад
I’ll be charitable and say that Dirk is merely suffering under deep misapprehension rather than accuse him of being a corporate establishment propagandist. His answer to “why CEOs matter” is a tautology. He first said that companies change when the CEO changes, and that proves they matter. This is a tautology because companies are *designed* to run at the direction of a CEO. This is the equivalent of saying legs matter because if you break your legs you can’t go for a jog. This is not meaningful information. The question is: why do you need to jog at all? In other words, can companies be designed to run without a CEO? Is the CEO role truly indispensable? The answer should be obvious but if you have any doubt then I would ask simply whether the monarchy still reigns as the predominant form of state governance. It’s irresponsible to call oneself an academic, cite evidence from research, and come to such comically establishment friendly conclusions on the basis of a smuggled premise.
@FrenchMajesty
@FrenchMajesty Год назад
Unfortunately there’s been experiments of CEO-less companies and none are in the Fortune 500. Monarchy was done away with because the people believed this wasn’t efficient and sought self-governance. Turns out they were right. Countries without Kings performed better. A CEO is more akin to a President than a King because the CEO’s words aren’t absolute. They have to answer to a board most of the time
@BRIMMSTONE
@BRIMMSTONE Год назад
Thanks Chris. This is an excellent point. If expanded, this could be a valid criticism of much of academia. I would posit that a solid review of Dirk's work, and funding streams, might move this argument along nicely.
@livewithherbert
@livewithherbert Год назад
Herbert from Ghana 🇬🇭! Thanks for this episode!
@tomsunwifi2767
@tomsunwifi2767 5 месяцев назад
Start with being a white male?
@ninjanick2414
@ninjanick2414 28 дней назад
1:52
@DipayanPyne94
@DipayanPyne94 Год назад
Start a company. You're a CEO. Lol 😂
@Ricocase
@Ricocase 7 месяцев назад
Na, need a board to elect you. That's a founder, owner.
@machakucharlz
@machakucharlz Год назад
Appreciation from Tanzania....thank you
@Bkind2all.
@Bkind2all. Год назад
I don't want to die😂
@academiamasters3850
@academiamasters3850 10 месяцев назад
Me Im an English tutor not a CEO
@Ricocase
@Ricocase 7 месяцев назад
They promote their own. The end.
@h.y.6455
@h.y.6455 9 месяцев назад
Most felt like bull
@academiamasters3850
@academiamasters3850 10 месяцев назад
The discourse is interesting
@alliyahaleciascott
@alliyahaleciascott 6 месяцев назад
Got it
@samusande6461
@samusande6461 Год назад
@sulavthami1668
@sulavthami1668 Год назад
Insightful
@ChiChimTonTV
@ChiChimTonTV Год назад
Hello, how are you?❤
@valentinvetements
@valentinvetements Год назад
A Macdonald in my city can make Americans earn money and give jobs to people in my city.😅 Un Macdonald nella mia città può far guadagnare qualcosa agli americani ed dare lavoro alle persone della mia città.😅 Un Macdonald dans ma ville peut faire gagner de l’argent aux Américains et donner des emplois aux gens de ma ville.😅
@sridasineni
@sridasineni Год назад
Thank you!
@gautamkumarandgroup
@gautamkumarandgroup Год назад
Thank you Sir 🙏
@tsyka1
@tsyka1 Год назад
Very interesting/ Thanks
@user-fs8tl7ni1w
@user-fs8tl7ni1w Год назад
One should not offer their political opinions about what the CEO makeup should be…just tell us what the data shows. Keep your liberal nonsense to yourself.
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