CEOs Should Be More Like Quarterbacks – HBR

Pittsburgh would never attempt an on-side kick with a four-point lead and 35 seconds left in the game. Such an action would be certifiably crazy! In sum, the imaginary press conference apology and the late-game attempt to beat the point spread are inconceivable, nuts, loony-tunes.
But in the business world, their precise equivalents are standard operating procedure. CEOs routinely go to the microphones to apologize or make excuses for missing the analysts’ consensus earnings estimates — even if their real results are substantially up. And executives routinely take extreme and risky actions at the end of fiscal periods in order to juice results to hit those consensus earnings estimates.

(Full Story: CEOs Should Be More Like Quarterbacks – HBR)

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