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Trust in CEOs is even lower.
"You occasionally find this narcissistic tendency in CEOs," he said.
It's not difficult to see why the 33,000 people who took part in the Edelman survey have so little confidence in CEOs.
The fall in trust in CEOs as credible spokespeople continued for the third consecutive year, with levels now at one third in developed markets.
Strategy firms like McKinsey, Bain and the Boston Consulting Group hire from the top universities, are packed with highly paid partners and whisper their counsel in CEOs' ears.
A series of recent papers help answer that question, by quantifying the roles of luck, ability, and experience in CEOs' success.
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Nearly every reform attempting to rein in CEO pay has been based on some version of the managerial power thesis.
A stand-in CEO probably saved Comdisco, the technology services company, from calamity.
I proposed changes in CEO compensation.
For starters, there were dramatic changes in CEO compensation.
We also find that the likelihood of liquidity covenants in new bank loans is increasing in CEO vega incentives.
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