Dating Lives of CEOs Affect Company Performance

The authors suggest that wealth and socio-economic status is a vital point while searching a suitable spouse for, the CEO’s. They also believe that the status concerns are important for making financial decisions. The best example to prove this study would be, Steven Paul “Steve” Jobs, CEO of AppleInc., who had a longtime relationship with Chris Ann Brennan, a Bay area painter, with whom he had a child, and he refused to accept saying that he was sterile and couldn’t have a child, but later he acknowledged the daughter.

After few years Jobs married Laurene Powell, co-founder of Terravera and also serves on the board of directors of Achieva, and had three children. There was a survey done by Clark Martire & Bartolomeo for Fortune magazine, gave light to a lot of insights about this dating spree among the single CEO’s. Academic researchers suggest that sexual attraction among the co-workers may boost people’s productivity at work. Nearly three quarters of CEO’s in a Fortune’s poll said that romances between the workers are “none of the company’s business?” 86 percent acknowledged that such going-on can increase the possibility of favoritism.

Orin Smith, CEO of Engelhard Corporation says, “It’s not marriage between employees that cause trouble it’s what leads up to it.” Most of the CEO’s feel that it’s better to have married couples in the company then the lovebirds. Muses George P. Mitchell, CEO of Mitchell Energy and Development Corporation says, “people meet and get married so we can’t really stop that, it’s the way world goes.” In a survey done by the Fortune magazine about whether married couples are good or bad for productivity, it showed that 8 percent people believed it was good, 16 percent said its bad, 63 percent said it didn’t matter whereas 13 percent were not sure.