Article on CEOs and M&A deals
Thanks to Stefan Stern, the ‘On Management’ columnist in the Financial Times for his article on 18 May on our recent report on what happens when a new CEO takes over: ‘Here’s the deal: move fast as a new CEO’. That is, they do M&A deals. See my blog entry ‘What comes next? Change your CEO and (bang!) you’re acquiring another company‘. The report was written by Cass Business School and the M&A Research Centre (MARC) (which I head).
In an excerpt from Stefan’s article:
Scott Moeller, director of Marc, says we should not be surprised to see new CEOs deciding pretty fast that a big deal is just what the company needs…
Whatever they choose to do, most new CEOs know that they may not have a lot of time in which to act. The median tenure period for CEOs in the Marc survey, not including those who stayed for less than 12 months, was 4.4 years. “I suppose there may be some CEOs who are confident that they will beat the odds and even go on for ever,” says Prof Moeller, “but they will be the exception.”
Intelligent Mergers 
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