STEPHEN CRANSTON: End of the celebrity CEO
Could it be that modern corporate governance makes it much harder for a CEO to be bold and creative?
One of my favourite books in my 20s was Lee Iacocca’s 1984 autobiography. It was before I had much experience of business journalism and I was fascinated by his story of the Chrysler turnaround.
I was much more prepared than I would be today to tolerate his runaway ego, and I’d argue now that Iacocca did a disservice to literature by giving birth to the CEO autobiography — to date I have yet to come across a more enjoyable example of the genre. Most if its imitators are mediocre at best.