Time to end the time of the 'Imperial' CEO

That some employees at Citigroup may be in shock (Financial Times) about the sudden departure of the CEO speaks volumes about the fact that the role of the CEO in today's corporation is vastly exaggerated. While no one would deny that the decision of the leader is critical it does not mean that this is necessarily a good thing as many examples in business (and history) show. Relying on the judgement and predelictions of a single person creates risks that would be mitigated in a more collegial system of leadership.

PE firms accused of bid-rigging

While nothing is proven about the details of the bid-rigging alleged in a complaint opened by a Boston judge the accusation raises an important point