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Paul R. Portney

Paul R. Portney

Paul R. Portney is Dean of the Eller College of Management at the University of Arizona, where he also holds the Halle Chair in Leadership.

Revolving Around the Sun

This question reminds me of the earlier question about how much personal information political leaders should share. The answer here is that business leaders need not share as much information as politicians. After all, when we buy stock in a company, we're not selecting the CEO to represent us in high-level business meetings, much less to the rest of the world.

However, when a CEO's identity is so closely intertwined with that of the company he or she leads, I believe the "disclosure threshold" is different. Such people must be more forthcoming. It's hard to think of too many companies where this is as true as it is in the case of Apple. Charlie Munger notwithstanding, Berkshire Hathaway may be the next best example, but Steve Jobs is paradigmatic. He has an obligation to his shareholders to reveal significant health issues, including those much less important than organ transplants.

By Paul R. Portney

 |  June 23, 2009; 9:08 AM ET
Category:  CEOs Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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