Comment Re:Why highly paid CEOs underperform. (Score 1) 204
I suspect that by the time you get to the very top of a huge organisation, you run into a problem: the number of people on the surface of the planet who have the experience, skills and ability needed are so few and far between that you'll be lucky if there's half a dozen potential candidates in the whole country.
This may be true, but looking from the performance of who actually gets hired shows that often (not always, of course) they *don't* appear to have the experience, skills, and ability needed, or are overly self-confident to the point of dismissing data that clearly shows reality is different from their assumptions. A lot of times, a company's success is due to simple common sense and selling what people actually want to buy regardless of who's running the company.
This may be true, but looking from the performance of who actually gets hired shows that often (not always, of course) they *don't* appear to have the experience, skills, and ability needed, or are overly self-confident to the point of dismissing data that clearly shows reality is different from their assumptions. A lot of times, a company's success is due to simple common sense and selling what people actually want to buy regardless of who's running the company.