Into the public domain
Observer October 24th, 2007
Many freshmen CEOs this year at very big firms, and several of a younger generation. Of all the demands on a new man in the top job, it’s the exposure to investment analysts that probably brings, at least in the normal course of business, the most exacting scrutiny. Oftentimes, and even with some earlier experience with this audience, the onerous demands of roadshows and quarterly reporting can come as a shock to the executive system. Not only for the required command of detail and disclosure discipline, but also the amplification of every conceiveable nuance through live webcasts and media reporting. To err with this audience can have an immediate and visible impact on the shareprice. More challenging still when the new incumbent is relatively unknown. In many cases the mentoring and supervisory role of prior CEO as ongoing chairman will offer the market comfort, but the exposure is not for the faint-hearted and requiring of high levels of representational acumen. Along with a fair wind in terms of business fundamentals and outlook.
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