Korn Ferry Survey: Corporate Executives Would Say “No Thanks” to Role of U.S. President
— Eighty-Five Percent of Respondents Say They Would Rather be CEO of
— Nearly Three Quarters Say “Making a Difference” Top Reason Someone Would Want to be President
“In a way, you could consider the incoming U.S. President as the Next National CEO,” said Korn Ferry Hay Group Senior Partner Rick Lash. “While serving as a corporate CEO is generally considered a very challenging role, executives acknowledge the U.S. President faces hurdles that are much higher than those faced by a leader in Corporate America.”
Eighty-one percent of respondents say that the role of U.S. President is
more complex than the role of CEO at a Standard & Poor’s 500 (
Despite that complexity, participants acknowledge the positive reasons one would pursue the Presidency. Nearly three-quarters (72 percent) said the No. 1 reason someone would want to be President is to “make a difference.” None of the respondents cited salary/compensation as the top reason someone would want the role.
Even though the incoming President is taking only
Nearly 50 percent of respondents (46 percent) believe the President
should receive at least a
About the Survey — The
Would you rather be CEO of your company or President of the United States?
|CEO of my company||85 percent|
|President of the United States||15 percent|
Who do you think has a more complex job?
CEO of an Standard & Poor’s 500 company
|President of the United States||81 percent|
What is the top reason someone would want to be U.S. President?
|To be in power||22 percent|
|To make a difference||72 percent|
What attribute is the most important for a U.S. President?
|Driving growth||32 percent|
|Managing crisis||19 percent|
|Developing strategies||42 percent|
|Financial management||7 percent|
At $400,000 annually (plus $150,000 for expenses and travel), is the President of the United States being fairly compensated?
|Correctly Compensated||24 percent|
What do you feel is the most appropriate compensation for the President of the United States
More than $10.4 million (median total compensation for Standard and Poor’s 500 CEO)
$10.4 million (median compensation for Standard and Poor’s 500 CEO)
$400,000, plus $150,000 for expenses and travel (compensation for President of the United States)
|Less than $400,000, plus $150,000 for expenses and travel||11 percent|
Tracy Kurschner, 612-309-3957