Why leaders shouldn't have too much power

06/25/2013 | Strategy+Business online (free registration)

JPMorgan Chase's shareholders were wrong to keep Jamie Dimon as the bank's CEO and chairman, argues James O'Toole. There's a limit to the amount of power any single leader should have, O'Toole writes, and separating the CEO and chairman roles is a prudent way to guard against top-level corruption or incompetence. "[S]eparate roles are like the emergency brake on your car: You probably will never have to use it and, even if you do, it might not work -- still, it's downright risky not to have one," he argues.

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