Aug. 13 - Deutsche Bank, Publicis Omnicom and Samsung are just some of a growing number of companies opting for multiple CEOs. But are two head honchos really better than one?
So what to brains out of the one he said he thinks that given the number of companies of recent enhancing its chief exec is at the Helm instead of one. Deutsche Bank standard bank publicist overcome old now have to head hunters and some soul even has three. Whether it's off from much sort of fell particularly long parachute is off to receive your departure there are many reasons for putting two of the top. But doesn't -- double trouble for invested. While it's Deutsche Bank the big man of German banking it was a rocket man handed over to that investment banking and and you Jane. I'm -- here -- in fiction in May 2012. Well it's a very recent strikes they put in place. I think the challenge that it poses is one of capital allocation which areas are privatized it is there recently and defending the -- times. So. Response is a different up publicist on the call often that -- publicist chief executive Maurice Levy. And on the comes -- and we'll head of the new advertising giant for the fast flesh -- months. I'm with people you need clearing and unifying culture and that's difficult to achieve. It's even harder to achieve if you have two separate CEOs that that. In the sense maintain the integrity of those cultures has been quite separate for a period of time. The second issue is that of course then mr. Levy becomes executive chairman. And it it is that really the optimal structure how independent is he really is a -- about point. Academic evidence is mixed Alter the circumstances dictate it -- see -- structure but success. Is down to the personalities. Practices and to. -- failure and listen to something. -- tennis when you have real duplication. Some of those people kind of insightful brilliant. Low on the blacks went unbeaten -- -- And with the problems and is to work -- that people complimentary. Skills little something to work well together so. In that sense if you have people that don't bring those who Stoops -- playing -- opponent. Tons look at SAP the John and software may carry just ditched its co chief executive stock -- The McDonald's will become sole CEO in 2014. Good music that you just. I would say that did that -- there's no -- -- Bob rules about these things but certainly the decision they've taken to me to single CEOs won't that we -- some wolves. Sign up for investors and expressed when it comes to see yes structures. Battle friends saying it's true. One bad channel is that seventeenth good ones.