CEOs on the Hot Seat
With more pink slips targeting the C-suites, the days of the cozy relationship between executives and boards are gone, says Ross professor.
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Ann Arbor, Mich.—With the economy in a downturn and corporate earnings in a freefall, many CEOs have found themselves on the hot seat -- and out of work. Ross School of Business Professor Noel Tichy says boards are under more pressure than ever today to hold top leaders accountable for the bottom line. Poor performance is poor performance, whether we're in a global economic crisis or not. Tichy is director of the Global Leadership Program and a professor of management and organizations at Ross. He's also co-author of the book Judgment: How Winning Leaders Make Great Calls and regularly consults with top organizations. Tichy spoke to us from the road.
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