Summary of The CEO's Boss

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

The CEO's Boss book summary
Start getting smarter:
or see our plans

Rating

7 Overall

7 Applicability

7 Innovation

7 Style

Recommendation

Enron. Global Crossing. WorldCom. Adelphia. Tyco International. These corporate cautionary tales point to the crucial importance of responsible corporate governance, something in shockingly short supply in recent years. In this book, Columbia Business School Professor William M. Klepper discusses why boards must show “tough love” to CEOs to keep them in line with corporate goals. He details how a “Social Contract” can set the working partnerships between directors and CEOs. Klepper, a management expert in board and executive relationships, has worked on executive education with some of the world’s best-known firms, including AT&T, Sony and Johnson & Johnson. He tends to refer to these experiences and his credentials frequently, name-dropping with abandon. But maybe his self-promotion is justified, because he sure knows his subject. getAbstract thinks board members and CEOs will learn a lot from Klepper’s insightful, instructive and fascinating case histories.

In this summary, you will learn

  • Why a “Social Contract” between boards and CEOs is vital,
  • Why directors should show CEOs “tough love,”
  • How CEO leadership styles should align with corporate needs,
  • How “soft metrics” add to a CEO’s evaluation, and
  • How to choose a CEO.
 

About the Author

William M. Klepper is a professor of management at the Columbia Business School, and he directs Columbia University’s partnership with the Outstanding Directors Exchange.

 

Summary

“The Social Contract”
In 2005, then-Chairman and CEO Dennis Kozlowski and then-CFO Mark H. Swartz of Tyco International were convicted of embezzling $600 million from the company, and each received a stiff prison sentence of 8 to 25 years. In the aftermath, Tyco’s new lead director, Jack...

Get the key points from this book in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

Contained in Knowledge Pack:

  • Knowledge Pack
    Being CEO
    Welcome to the corner office. Here are your instruction manuals.

Customers who read this summary also read

More by category