But is CEO quality really about the best decisions?
Playing the MBA's advocate, maybe it is so hard to "consistently beat the market" with decisions, that their usual quality spread does not even matter that much? Amongst other reasons, because even an apparently foolish decision, if for some unexpected turn of events it suddenly is the "golden path" will give the bigger returns than an "obviously smart" decision ever could?
If that is the case then the decisions themselves would be secondary to how those decisions are executed. Then you wouldn't look for the best decisionmaker for filling the CEO position, you'd search for the best at getting the team united behind a decision who isn't completely terrible at making them. Basically someone who is good at commanding respect, which is exactly what those high-status institutions are teaching/selling.
Being the typical overconfident dev I always tend think that I would make the smartest decisions ever if in the captain's chair (surely this isn't true, but it feels true way too often), but I never think that this would make me an actually good CEO.
Playing the MBA's advocate, maybe it is so hard to "consistently beat the market" with decisions, that their usual quality spread does not even matter that much? Amongst other reasons, because even an apparently foolish decision, if for some unexpected turn of events it suddenly is the "golden path" will give the bigger returns than an "obviously smart" decision ever could?
If that is the case then the decisions themselves would be secondary to how those decisions are executed. Then you wouldn't look for the best decisionmaker for filling the CEO position, you'd search for the best at getting the team united behind a decision who isn't completely terrible at making them. Basically someone who is good at commanding respect, which is exactly what those high-status institutions are teaching/selling.
Being the typical overconfident dev I always tend think that I would make the smartest decisions ever if in the captain's chair (surely this isn't true, but it feels true way too often), but I never think that this would make me an actually good CEO.