leadership effectiveness (Daft,2008). We compare CEOs to CFOs and others in terms of personality traits and career characteristics. We find that CEOs are much more risk tolerant than the lay population of similar age profile. It is also notable that CEOs are also much more optimistic than the lay population as compared to the norms in the psychology literature (Scheier, 1994). CEOs and CFOs have different personal characteristics, career paths, and attitudes. CEOs are much more optimistic than CFOs, meaning…
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