Freakonomics Radio cover image

Freakonomics Radio

559. Are Two C.E.O.s Better Than One?

Sep 28, 2023
50:35
Snipd AI
Explore the effectiveness of co-CEOs in running companies, drawing parallels with parenting. Discuss the rise and fall of Research in Motion, the company behind Blackberry. Discover success stories of co-CEOs in Goldman Sachs and Atlassian. Learn about the challenges of working alone on software projects and the benefits of pair programming.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • Co-CEO pairs in large public companies outperform solo CEOs, delivering higher annual shareholder returns, suggesting the co-CEO model's potential in the business landscape.
  • Co-CEOs face challenges and risks but when the fit is right and they have complementary skills, the benefits of shared leadership outweigh the risks.

Deep dives

The Benefits of Co-CEOs in Large Public Companies

A study conducted by CEO advisor Mark Feigen found that large public companies with co-CEOs outperformed those with solo CEOs. The co-CEO pairs in the study delivered annual shareholder returns nearly 40% higher than solo CEOs. While the finding is not entirely robust, it suggests that the co-CEO model deserves consideration in today's complex business landscape. The ability to share responsibilities, make collaborative decisions, and have a partner for support and guidance can lead to improved performance and decision making.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode