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Unformatted text preview: have all the knowledge they needed in the new firm to make it as big a success as their previous position. Therefore prior firm success is a noisy indicator of managerial skill that does not always transfer across different organizations. So, the tendency to hire executives from highly performing predecessor firms is greatest among firms with busy or inattentive boards. http://aaahq.org/newsroom/Disappointment2011_08_01.htm http://highered.mcgraw-hill.com/sites/0078136628/student_view0/chapter3/powerpoint_presentations.html...
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- Spring '11