Donald and Ivanka Trump Mark Wilson/Getty Images

Donald Trump, CEO

Donald Trump fancies himself America’s CEO; indeed, he won the presidency partly because he pitched himself as a successful business tycoon. So he should be held to the same standard as a CEO of a large public multinational company.

BERLIN – Suppose that a company’s board is seeking a new CEO. After an agonizingly long search, its members decide to go with a newcomer to the industry, claiming that the candidate will make the firm the market leader again. And, indeed, the new CEO shows up with big plans, spending the first six months dismantling and castigating past policies and practices, sometimes without rhyme or reason.

The CEO hires “yes men,” perhaps old colleagues, friends, or even relatives. Possessing as little experience as the CEO and plenty of incentive to curry favor, they do not offer sound counsel. Even if they did, the CEO wouldn’t take their advice. Add to that a lack of transparency, together with apparent violations of business ethics and basic leadership principles, and the CEO’s credibility quickly wanes.

The company’s skilled and experienced executives soon become frustrated with the new guard, and leave within a few months. This flight fuels a broader sense of fear and uncertainty among everyone from investors to employees, which is reinforced as it becomes apparent that the CEO isn’t fulfilling promises made during the interview process.

To continue reading, please log in or enter your email address.

To read this article from our archive, please log in or register now. After entering your email, you'll have access to two free articles from our archive every month. For unlimited access to Project Syndicate, subscribe now.

required

By proceeding, you agree to our Terms of Service and Privacy Policy, which describes the personal data we collect and how we use it.

Log in

http://prosyn.org/XEkbByf;

Handpicked to read next

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated cookie policy and privacy policy.