Fahlenbrach, Rüdiger; Minton, Bernadette A.; Pan, Carrie H. - In: Review of Financial Studies 24 (2011) 10, pp. 3486-3518
We investigate corporate governance experts' claim that it is detrimental to a firm to reappoint former CEOs as directors after they step down as CEOs. We find that more successful and more powerful former CEOs are more likely to be reappointed to the board multiple times after they step down as...
