As president of your organization, what happens if you lose your spouse or partner? Or your father-in-law passes away? Do you think either of these events will impact your performance in a negative way?That is the thorny privacy question put to test in a recent study based on CEOs of publicly-traded companies and the findings are intriguing.
Such things don't normally figure in investment decisions. But maybe they should, according to a recent study by three finance professors. Mining a trove of Danish government data on thousands of businesses, they were able to track links between CEO-family deaths and the companies' profitability over a decade.Read more here for the very controversial results. Do you think employees should know as much as they can about your life before they sign on? Where do we draw the line?
It slid by about one-fifth, on average, in the two years after the death of a CEO's child, and by about 15% after the death of a spouse.
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