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CEO: a visible hand in wealth creation?

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CEOs have become increasingly visible in the value creation process of the firms they head and CEO compensation, as well as demands on their performance, have increased considerably.. In this paper we argue that the essence of the work of the CEO is to maintain a dynamic harmony between their firm's portfolio of businesses and activities, the value creation logic they hold and the internal governance process they run. We observe that maintaining such harmony raises difficult action dilemmas and argue that the hifh level of public security which surrounds many CEOs of larger firms has mixed consequences on their leadership capacity

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