The cost to shareholders of picking the wrong CEOs is a stunning $112 billion a year

As the public debates the merits of the recent corporate tax cuts, most people are dangerously oblivious to a bigger and in the long run costlier problem: that of picking the wrong CEOs to lead companies in the first place.

After all, even the most aggressive tax cut affects only a relatively small portion of a company’s income. But a CEO chosen to lead a business impacts its entire bottom line and the livelihood and well-being of every employee and their families.

Yet even the best companies get it wrong time and again.

Read the article