Standard Bank Takes Risky Step With Co-CEOs

Photograph by Peter Cade

Two chief executive officers are rarely better than one. In the annals of leadership, such arrangements are usually held up as cautionary tales. People get confused about who’s in charge. Personalities clash. Strategies get muddled. The alpha dog crushes its partner. Even when co-CEOs seem to like and complement each other, as Jim Balsillie and Mike Lazaridis did at BlackBerry, they’re not seen as a way to drive more success. When it comes to having a CEO, as with the papacy and presidency, it seems there can be only one.

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