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No wonder so many people say there’s not enough good talent for the top job. Even some of the managers most qualified to become CEOs don’t want it. A new study by Grant Thornton, the national accounting firm, found that 43% of CFOs don’t want to be CEO of a company one day. While 57% said they would, I found the 43% proportion a particularly high one, especially given that CEOs often make twice as much as their lieutenants in the C-suite.
Has the job gotten that hard? That intense? That scrutinized? I’d say it has. Finding time on some CEOs’ schedules feels like getting an interview with a president. Others, of course, seem to have plenty of time…look no further than Bear Stearns CEO James Cayne’s days golfing and playing bridge in the midst of the firm’s hedge fund meltdown.
How can you manage smarter? Bloomberg Businessweek contributors synthesize insights from the brightest business thinkers, critique the latest management trends, and comment on leaders in the news.