Should failing CEOs get spanked?

05/19/2010 | Harvard Business Review online

The BP oil-rig disaster shows the degree to which CEOs are insulated from their own failings, writes Michael Watkins. What's needed, Watkins argues, is an independent panel, perhaps made up of retired executives, with the power to slap down CEOs who neglect their duties. "If there aren't penalties for leadership negligence, we are encouraging leadership negligence," he writes.

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