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The CEO's Boss
Book

The CEO's Boss

Tough Love in the Boardroom

Columbia UP, 2010 plus...


Editorial Rating

7

Qualities

  • Eye Opening
  • Well Structured
  • Concrete Examples

Recommendation

Enron. Global Crossing. WorldCom. Adelphia. Tyco International. These corporate cautionary tales point to the crucial importance of responsible corporate governance. Columbia Business School Professor William M. Klepper discusses why boards must treat CEOs with “tough love” to focus them on corporate goals. He suggests a “Social Contract” to set up the working partnership between directors and CEOs. Klepper, an expert on Boards, has worked on executive education with some of the world’s best-known firms. He tends to name-drop, but maybe his self-promotion is justified, because he sure knows his subject. Board members and CEOs will learn a lot from his insightful, instructive and fascinating case histories.

Take-Aways

  • “Social Contracts” keep boards and CEOs allied by spelling out their partnership.
  • Spectacular corporate failures like Enron and WorldCom, along with the economic crisis, have put a laser-like focus on corporate governance.
  • CEOs need “tough love,” or strict but well-intended scrutiny, from directors.

About the Author

William M. Klepper is a professor of management at the Columbia Business School, and he directs Columbia University’s partnership with the Outstanding Directors Exchange.


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