Business Services Industry
Public vs. private companies
Chief Executive, The, May, 2005 by Richard Cope
What a great contrast in your last issue of three deeply related issues: CEO tenure, Sarbox and Bose (January/February 2005). Amar Bose gets to plan products 10 years out, and the CEO of a public company gets to spend time figuring out what arcane financing rule he is in violation of. And, after becoming frustrated because he is spending very little time leading the company, quits. In an informal survey of friends who are CEOs of public companies, they say they now spend up to 50 percent or more of their time on "being public" issues. As a former venture capitalist, public company CEO and private company CEO, your articles are a great reinforcement for my decision never to run a public company again.
Richard Cope
Atlanta Technology Advisors
Norcross, GA
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