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Splitting Up the Roles of CEO and Chairman: Reform or Red Herring?
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******************************** Splitting Up the Roles of CEO and Chairman: Reform or Red Herring? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=987 There may be good reasons, based on specific circumstances, for companies to divide the roles of CEO and chairperson between two people. But Wharton faculty members say there is no evidence that separating these positions, as a general philosophical rule, improves corporate performance. And indeed, while figures show that many companies are dividing the jobs of CEO and chairperson, the trend is not widespread. Yet Wharton faculty also note the benefits of separating the two positions, especially in companies that are plagued by scandal or struggling to compete.
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