COO, A Ridiculous Role

If you're going to a company with a COO, watch out!
Chief Operating Officers make companies worse.

Scientist Researchers studied 404 firms
over a 10 year period.

Results: Companies with COOs have lower returns on assets (ROA) and market to book (MTB).

Conclusion: The CEO-COO structure stinks.
Alternate conclusion: The COO's studied all stink.

via Monty's Bluff

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