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hiring a CEO is the sacred task of the Board of Directors they are uniquely solely and only responsible for doing that you think about the CEO if you get it wrong everybody's disadvantaged potentially the company will disappear but certainly the employees the customers the suppliers the communities in which you operate everybody is going to be deeply impacted by the selection of a CEO so what I think about when I'm worrying about this issue on various boards there's two different functions to worry about one is what is the job difference between the CEO and everybody else and the second is what do we need now second one's easier to answer in a way it's we need a cost cutter we need somebody who can get us into China we need somebody who knows biotech we need somebody in those AI so the externality functions are easy the inside one is difficult to become a good CEO you have to be great communicating upwards to your board you have to be great communicating outwards to your communities y...
