CEOs with military experience are 70% less likely to be involved in corporate fraud than the average of U.S. chief executives, say Efraim Benmelech of Northwestern University and Carola Frydman of Boston University. The implication may be that the military instills a stronger sense of ethics than typical business training, the researchers suggest. Among large, publicly held companies, the proportion of CEOs with military backgrounds has declined markedly, from 59% in 1980 to 6.2% today.Read more in HBR.
Tuesday, July 7, 2015
HBR Daily Stat: Among CEOs, Military Service Is Associated with More-Ethical Behavior
The stat:
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