Australia’s CEOs have received a big thumbs-down from their own management teams for spending too much time on organisational restructuring at the expense of other leadership tasks.
A report from Melbourne Business School has found that Australia’s managers see themselves as more effective than their CEOs, while managers’ perceptions of the competency of their bosses have become more negative over the past three years.
Ominously for Australia’s bosses, the report suggests that their poor reputation could get even worse. Baby boomers think very highly of their CEOs – who tend to be from the same generation. But Existentialists (born between 1955 and 1963) and Generation Xers (born between 1964 and 1979) have a much lower opinion of their leaders.