Do Lawyers Make Better CEOs Than MBAs?
Harvard Business Review
AUGUST 24, 2017
For the past several years, Wells Fargo has been run by MBAs, while Bank of America’s CEO since 2010, Brian Moynihan, has a law degree from Notre Dame. We did not observe an obvious selection bias in which industries hired lawyer CEOs. Lawyers were much less aggressive in accrual accounting relative to industry levels.
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