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Study links collaboration on earnings calls to more promotions to CEO

FinanceInternationalEl Confidencial45 s readAI summary
Image: El Confidencial

A study analyzed about 78,500 earnings calls between 2010 and 2020, covering 10,864 executives at nearly 2,500 listed companies. Executives who invited colleagues to speak were seen as more cooperative and were more likely to become CEO: the promotion rate was 13% versus 6.7% for the overall sample. In addition, when a company promoted a more cooperative CEO than the previous one, the stock rose an average of 0.6% in the three days around the announcement.

In 45 seconds

  • The analysis covered about 78,500 earnings calls between 2010 and 2020 and 10,864 executives at nearly 2,500 listed companies.
  • Only about 6.7% of executives in the sample were promoted to CEO; among those who regularly invited colleagues to speak, the rate was 13%.
  • Those who asked others to step in only on negative questions were less likely to be promoted than those who shared the spotlight at all times.
Read the full story at El Confidencial

IASummary generated by artificial intelligence from a story by El Confidencial. It may contain errors: the original source prevails.

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