Our study extends upper-echelons theory by introducing CEO narcissism as a formal construct for explaining company strategy and performance. Drawing on psychological research indicating that narcissism is a personality dimension, rather than just a pathological disorder, we argue that narcissism in CEOs is positively related to strategic dynamism and grandiosity, and it engenders extreme and vo...

We examined the relationships among CEO perceived charisma, CEO compensation packages, and firm performance in a sample of Fortune 500 companies over a 10-year period. CEO charisma ratings obtained from company CFOs and VPs for HRM were directly related to total CEO pay but not to any firm performance measures. CEO perceived charisma also was related to shareholder value, under highly uncertain...

In 2010 Odyssey Two, Arthur C. Clarke describes the adventures of a multinational crew of US and Russian space explorers working towards a better understanding of problems during a previously unsuccessful 2001 space mission. Clarke’s space explorers have several other goals to achieve including the need to urgently reach Jupiter. The US/Soviet team believes their technological capability will g...

Placed in the context of China’s transitional economy, this paper studies the role of different economic, institutional and managerial factors in accelerating or hindering hightechnology firms’ pace of strategic adaptation toward a higher level of technology orientation. Drawing on a unique longitudinal data of firms in the Zhongguancun Science Park (China’s Silicon Valley) from 2000 to 2003, w...

I presume that I do not need to write about the rationale for improving physician relations. Although, publicly, healthcare leaders tell me that they serve at the pleasure of the board, privately, they tell me that they serve at the pleasure of the medical staff as well. At an ACHE seminar I led in 2005, “Practical Strategies for Engaging Physicians,” one hospital CEO confided: “If I have a pro...

This study examines the effects of governance mechanisms on CEO dismissal in different corporate cultures: manipulative (firms sued for financial misreporting) versus normal (non-sued firms). The findings show that, following the discovery of wrongdoings, “seemingly independent” boards are less effective in replacing the CEOs, whereas banks and blockholders increase the likelihood and lead to m...

This study examined “new CEO dismissal”, i.e., a new CEO is dismissed within three years after succession. Based upon agency theory and human capital theory, we argue that new CEO dismissal may represent a correction to an inappropriate CEO selection and accordingly, succession contexts that tend to lead to an inappropriate CEO selection will increase the likelihood of new CEO dismissal. With a...

Article history: Received 17 September 2013 Received in revised form 1 March 2014 Accepted 11 March 2014 Available online 19 March 2014 Most studies consider chief executive officer (CEO) turnover from the firm's perspective. In this paper, I suggest that the labor market conditions for CEOs affect turnover outcomes. I use CEOs' positions on corporate executive and director networks to assess t...

This study aims to determine the effect of hardening and tempering on tensile strength (ASTM E 8) hardness (Rockwell) applied medium carbon steel. The heat treatment process is heated by a furnace at temperature 900 °C 920 then held for 30 minutes cooled quickly further processed Tempering with each being tempered 500 slowly. results obtained are in variation °C, value increases from raw materi...