Seneca, the Roman stoic philosopher, wrote that “luck does not exist.” Modern managerial studies take the liberty of disagreeing. Luck exists in the form of events that are beyond the control of CEOs and firms alike. Movements in oil prices and the business cycle (e.g., variations in GDP growth, and employment rate) that boost the market value of firms are a couple of examples.
Study finds that choosing a lucky CEO means bad luck for the hiring company
Reader’s Picks
-
Days after two California massacres involving the Asian American community, many are seeking to understand what drove two men to [...]
-
Even if you think you are good at analyzing faces, research shows many people cannot reliably distinguish between photos of [...]
-
You’ve made plans to meet up with a good friend in a few hours, but now all you want to [...]