What Companies Expect From Their Ce Os

While I agree that U.S. boards of directors seem ever more willing to drop the trap door under their CEOs, firing the chief is only the tip of the governance iceberg ("The CEO Trap," Cover Story, Dec. 11). For every such CEO mutiny launched by impatient boards, there are a dozen cases of boardroom insubordination, such as the thumbs-down that Coca-Cola Co.'s board gave CEO Douglas N. Daft's plan to acquire Quaker Oats Co. in November.

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