Marathons And Market Valuations
September 29, 2014 in Daily Bulletin
Looking for a new company CEO? Just stand by the finish line of a marathon and ask for resumes writes Zach Wener-Fligner:
- A study found that companies with CEOs who run marathons are 5% more valuable than those that don’t.
- This is particularly true of those who are in positions or industries that will subject them to excessive amounts of stress. In such cases the boost to a company’s value is up to 10%.
- This may be because of the stress relieving effects of running.
- Boards are becoming wise to this. Aside from a blip during the great recession the number of marathon runner CEOs has risen steadily.
Read more here.
Source: Quartz
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