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Sarbanes-Oxley News & Developments
Who Wants To Be The CEO?Apparently fewer and fewer executives want the experience - it is lonely at the top.
> > According to a survey by Burson-Marsteller, 73% of chief executive officers said they have thought about quitting. Only 54% felt that way in a survey in 2000, the year before the Enron scandal. Sitting CEOs are not the only people who find the position unappealing. When asked if they would like to be CEO today, 35% of other senior executives said they would turn down the offer.
Having sufficient time to prove themselves is another source of stress and concern among CEOs. According to the survey, top executives feel they have about nine months to earn the trust of employees and develop a strategic vision and 14 months to execute on promises made during their first 100 days. The survey also found that CEOs are expected to spend 60% of their time on execution and 40% on strategic vision.
Source: CFO
Published:2003-12-04
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