*MU study finds executives with shared responsibilities succeed and provide value to shareholders*
COLUMBIA, Mo. – Many believe that two corporate heads are not better than one. However, a University of Missouri researcher has found that more companies have co-CEOs than previously though and that having two people in the senior leadership position is actually very successful for businesses.
“Americans have long championed captains and titans of industry, but this research shows that having two corporate leaders can work,” said Stephen Ferris, professor and director of the Financial Research Institute in the University of Missouri Trulaske College of Business. “In fact, co-CEOs are ideal in many situations, especially when the executives provide oversight of each other’s actions and provide complementary skill sets.” (more…)