Comments on: Counterparties: Washing out with the Tide A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: TomWest Mon, 27 May 2013 18:36:21 +0000 Because he’s already demonstrated that he erred in choosing a replacement

Realistically, in a large, diverse, mature business like P&G, is the competence of CEO (barring massive incompetence) a predictor of corporate profits?

For large, stable companies, I suspect the prime determinant of competence is being hired just before the firm’s market segment does well.