My son, the CEO

There’s a good post by Stephen J. Dubner, of Freakonomics fame, over at the Freakonomics Blog about children becoming CEO’s to run family owned businesses.

Check it out here. I couldn’t imagine being a Wrigley, Ford, or Busch and having to tell my father that I didn’t want to run the family business. Although, I am sure it would be MUCH tougher if I had to tell my son that I didn’t think he could run the business….

As for CEO performance, It’s strange, but there’s ample evidence that a good CEO isn’t necessarily responsible for a company’s success. However, I bet if we looked at a lot of failing companies, we would find a bad CEO running them. Maybe that’s the true value of a CEO: Don’t screw things up.