有名になったCEOはクビにしろ、という話

MITPressの調査によると、賞を取ったりマスコミで持ち上げられたCEOって、有名になってからそれほどいい仕事をしていない場合が多いんだとか。一方で、有名になってことで給料を余計に払わないといけないんで、株主に対する価値という観点で見た場合、CEOが有名になることはマイナスなんだそうな。
　株主がCEOをとっかえひっかえするアメリカの話だけど。

MITPress: We find that award-winning CEOs subsequently underperform, both relative to their prior performance and relative to a matched sample of non-winning CEOs. At the same time, they extract more compensation following the awards, both in absolute amounts and relative to other top executives in their firms. They also spend more time on public and private activities outside their companies, such as assuming board seats or writing books. The incidence of earnings management increases after winning awards. The effects are strongest in firms with weak corporate governance. Our results suggest that the ex post consequences of media-induced superstar status for shareholders are negative.

　小さい会社の場合は、トップが有名になるメリットはあると思う。