Watch Out for Cocky CEOs Who Make Risky Investments
7/12/2013 8:40:31 AM
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Stephen Ferris, finance professor at the University of Michigan, led a study examining corporate merger and acquisition patterns, concluding that over-confident CEOs often put their companies at risk. Ferris cautioned investors to consider a CEO's personality when shopping for a new interest, and that companies with over-confident CEOs maintain independent boards of directors.
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