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Outsider CEOs Are on the Rise at the World’s Biggest Companies

Harvard Business

That’s nearly double the rate from 2004 to 2007. Outsiders, in effect, have become more of an intentional leadership choice than a stereotypical hire in a turnaround or crisis situation. Companies in Brazil, Russia, and India, the study shows, are seeing big increases in recruiting the top job from outside.

Company 28
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The Mistakes PE Firms Make When They Pick CEOs for Portfolio Companies

Harvard Business

But CEOs at the best-run PE-owned firms we’ve worked with emphasize both recruiting and talent development. A private equity group led by TPG bought the company in 2007; at the time SCA had suffered more than four straight quarters of declining profits. That year TPG hired a new CEO, Andrew Hayek, to rebuild SCA.

Company 28