With the top leadership position at Twitter Inc TWTR currently up in the air, shareholders are waiting with baited breath to see who the company chooses as its next CEO. Current CEO Dick Costolo will be stepping down on July 1 and will be replaced on an interim basis by Twitter co-founder Jack Dorsey.
Everyone in the business world seems to have an opinion about who the new permanent CEO should be. While shareholders debate the possible candidates, Twitter could end up opting to choose more than one candidate and select co-CEOs.
The idea that two heads in the top leadership position are better than one holds water in principle. However, in practice, some companies that adopt a co-CEO management structure have learned the hard way that more is not always better.
Here’s a look at how share prices of some big-name companies have performed during co-CEO tenures.
BlackBerry
Deutsche Bank
Deutsche Bank AG (USA)DBOracle
J M Smucker
Whole Foods
Whole Foods Market, Inc.WFMSAP
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