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University of Texas-Austin: When an Internal Candidate Loses a CEO Bid, Other Opportunities Arise
April 29, 2022
AUSTIN, Texas, April 29 (TNSJou) -- The University of Texas issued the following news release:

Companies often motivate executives by staging CEO tournaments -- internal competitions to replace departing company leaders -- but for those executives who lose the bid to become CEO, opportunities will probably arise elsewhere, according to a new study from a business researcher at The University of Texas at Austin.

In a study published in The Accounting Review, Eric Chan, a . . .

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