Bitter Truth: Most CEOs Are Very Lonely
By siliconindia   |   Friday, 17 February 2012, 00:42 IST   |    3 Comments
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Bitter Truth: Most CEOs Are Very Lonely
Bangalore: The term "CEO" sounds like a synonymous with power, wealth, prestige, influence. But have you ever wondered these synonyms are nothing more than a myth! Be it an overstated package, heated boardroom clashes, arguments with executive officers, few people feel sorry for CEOs and this situation is unlikely to see any change. It is no more a hidden fact that today's business leaders are facing some genuine troubles and 'loneliness' is one of them. RHR International has come up with a CEO Snapshot Survey, which reveals that most of the CEOs suffer from feeling of loneliness and around 61 percent of them have a belief that it hinders their performance. First-time CEOs are mainly vulnerable to this isolation. This feeling is not only limited to CEOs but it also affects any person with new found authority. Listed below are take away points: Why CEOs are lonely? BOARDS PROVIDE POSITIVE SUPPORT CEOs tend to get a lot of support when it comes to the board room. But going by the survey, most of the CEOs feel that they don't receive actual feedback which they expect from the board members. Boards are a productive foundation of feedback and support for CEOs. Around 96 percent of them feel that they can speak honestly to certain directors in regard to their performance and impact of their decisions. While 59 percent look at the board as the most beneficial source of feedback. 50 percent of leaders feel that director serves the key role, pointing towards the growing importance of finding the right person for this board position.

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