Privately educated CEOs seen as ‘safer bet’ by investors, study finds
Privilege being mistaken for competence as study reveals no evidence to suggest companies run by state-educated peers underperform
Chief executives who attended private school are perceived as a “safer bet” by investors, according to a study, despite there being no evidence they perform or behave differently to their state-educated counterparts.
Companies run by privately educated bosses tend to experience lower stock market volatility, even though there are no meaningful differences in their performance, decision-making or crisis management, the research from the University of Surrey found. Continue reading...
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