The Big Take
Consultants are Taking Over the World’s Corner Offices
Longtime “CEO Factories” like General Electric and IBM have been supplanted by Accenture and other professional-services firms.
General Electric. Procter & Gamble. IBM.
For years, those companies and a handful of others were held aloft as “CEO Factories,” admired for their ability to recruit and mold corporate chiefs. Over a 20-year span, just three dozen companies produced one-fifth of the chief executives in the entire S&P 1500 index.