Post by arfangj5 on Mar 13, 2024 2:06:45 GMT -4
In short their study shows that family CEOs on average work fewer hours relative to nonfamily affiliated managers in all the countries they studied. Family Vs. Professional To launch the study the researchers hired students in Mumbai to cold call executives at more than Indian manufacturing firms asking whether they would be willing to take part in a study of how CEOs spend their time. Some CEOs agreed to participate.
Some family CEOs spend less time at work than professional CEOs especially during major sports events. Photo iStockPhoto Of the sample two thirds of the CEOs were members of the family that owned the firm they were labeled family CEOs in the study. The remaining third not related to the owners were labeled Bank Email List professional CEOs. It s important to note the difference between family CEO and CEO of a family owned company Sadun says. Indeed not all family owned businesses employ a family member as the CEO. Sam Walton founded and the Walton family still owns Wal Mart Stores Inc. for example and the founder s son Rob Walton is chairman of the board but the company s president and . For three months the researchers collected time use information through daily phone calls with each CEO s personal assistant PA or with the CEO himself percent of the sample consisted of male CEOs.
On the first day of the week a researcher would call the PA or the CEO in the morning to collect data on the executive s planned activities for the day. In the evening and for the week s subsequent evenings the PA or the CEO would report the activities that had actually happened that day—along with the planned agenda for the next day. At the end of the three month study period the researchers conducted a short interview with each CEO to ensure that the daily reports matched with the executive s recollection and were representative of his usual work routine. Analyzing the data the researchers looked separately at founder CEOs those who founded their family firm and second plus generation CEOs those who inherited the role.
Some family CEOs spend less time at work than professional CEOs especially during major sports events. Photo iStockPhoto Of the sample two thirds of the CEOs were members of the family that owned the firm they were labeled family CEOs in the study. The remaining third not related to the owners were labeled Bank Email List professional CEOs. It s important to note the difference between family CEO and CEO of a family owned company Sadun says. Indeed not all family owned businesses employ a family member as the CEO. Sam Walton founded and the Walton family still owns Wal Mart Stores Inc. for example and the founder s son Rob Walton is chairman of the board but the company s president and . For three months the researchers collected time use information through daily phone calls with each CEO s personal assistant PA or with the CEO himself percent of the sample consisted of male CEOs.
On the first day of the week a researcher would call the PA or the CEO in the morning to collect data on the executive s planned activities for the day. In the evening and for the week s subsequent evenings the PA or the CEO would report the activities that had actually happened that day—along with the planned agenda for the next day. At the end of the three month study period the researchers conducted a short interview with each CEO to ensure that the daily reports matched with the executive s recollection and were representative of his usual work routine. Analyzing the data the researchers looked separately at founder CEOs those who founded their family firm and second plus generation CEOs those who inherited the role.