The pros and cons of CIOs stepping up to the CEO role.
The elevation of Richard Buxton to CEO at Old Mutual Global Investors earlier this month brings to the fore the issue of how investors should feel about great investors taking on the role and responsibilities of CEO of a company. As with all such discussions there are positive and negative factors to consider. Although the precise extent of CEO responsibilities will vary, in general there are more factors that cause concern than there are those that cheer. On the positive side, having a successful investment manager appointed to be CEO of the fund company is tremendous for morale with...
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