There is seldom a happy ending in a company with joint leadership
Dysfunctional paranoia, power struggles and low returns may result when CEOs share top billing
Last week’s award of the Booker Prize to two winners upset almost everybody except the laureates themselves, Margaret Atwood and Bernardine Evaristo.
The decision — or rather the indecision — distressed me, too, and not only because it set a bad example for the Financial Times and McKinsey book award, which I help to organise (judges, if you’re reading: don’t even think about it). When a prize or a leadership position is split, it usually means someone has shirked their duty to make their mind up.