I read this article in Fortune Magazine and thought that it would be great to share. I highly suggest that you read the article.
Here is the premise of the article:
“What this company needs is an owner,” declared Sam Zell, after completing the $8.2 billion deal that put him in charge of the Tribune Co., which owns newspapers including the Chicago Tribune, the Los Angeles Times and Newsday. “It needs someone who accepts the responsibility for what this company does.”
What are your thoughts on how today’s CEO’s are held accountable?