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Humble CEOs are recalled fondly
Business Standard|January 25, 2025
Mahmud of Ghazni is remembered for depravLity and wars. Apparently, he had a Hindu army division, which he used to fight rebel Muslims, as during the capture of the Zarang fort in 1003 CE.
- R GOPALAKRISHNAN

Mahmud's capital city and tomb are now crumbling, unmarked and uncelebrated. Such is the collapse of arrogant power and pomp! What mental health is for modern young people, arrogance and ego are to boardrooms. The evidence that CXOs are increasingly affected by arrogance is anecdotal, but a sure trend. In my 2018 book, CRASH, I quoted researchers, who found that power intoxicates a leader and impairs the person's judgement (Professors Pamela Smith, Dacher Keltner, Sukhvinder Obhi et al). The pressure on chief executive officers (CEOs) to constantly demonstrate energy and competence is excruciatingly intense.

Paradoxically, the performance metrics are subtle and ambiguous if you can, listen to Donald Trump's views of Joe Biden's performance!! CEOs are evaluated as if business delivery can be precisely measured. If a CEO cannot deliver growth, increase market share, or report higher profits within a time frame, the person is fired or he or she quietly resigns, like in Starbucks, Paramount Global, and Boeing. Even in conservative Japan, the Suntory CEO, Takeshi Niinami, lamented that Japan has reached a "tipping point", driven by shareholder activism. Can India be far behind? Outsiders do not have authentic information about the company. Reasons behind CEO partings are many, including being authoritarian, arrogant, or behaving as if they are god's messenger.

Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.

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Diese Geschichte stammt aus der January 25, 2025-Ausgabe von Business Standard.

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