A report in Business Week alleges that a certain type of chief executive is dwindling unto death - the type that one non-executive director calls 'the Imperial CEO'.
The Imperial CEO is the simplest possible answer to the fundamental question: 'Who's in charge here?' - or WICH? for short. But can one person truly exercise ultimate power over all aspects of any organisation without adversely affecting its performance and behaviours?
According to the BW report, you can no longer give that old single answer of a single person in charge. Power has transferred to the 'watchdogs', non-executive directors, auditors and lawyers who 'are playing a bigger role in fundamental management decisions about strategy, acquisitions, succession planning, crisis response and what can be booked as earnings'.
See full Article.
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