CEOs' Diminished Power Could Prove Costly

May 4, 2009

On Monday, May 4, BusinessWeek published a "Viewpoint" column authored by Frank Aquila, titled "Diminished Power Could Prove Costly". Frank suggested that while the "imperial CEO" is not likely to return in the wake of the financial crisis, boards and management shouldn't forget that businesses can only be successful in the long run when their CEOs are empowered to make bold, strategic decisions.