I’m a fan of Anthony Meaney’s blog over at Recruiting.com. He has a great riff today on an interesting trend – publicly traded company CEOs leaving to join privately held equity firms. The reason from Anthony:
Private equity firms are not publicly traded and are not beholden to shareholders, activists, wall street analysts or reporters. Therefore they don’t have to produce unrealistic linear growth every quarter and can make financial decisions for the long term.
I am all for CEOs receiving the best pay package they can. It is a free market which means the market will determine the CEOs value to the company. Plus, not all CEOs are crooks, though at times that fact is well hidden by the media.