Chris Brook-Carter

Tough at the top

By: Chris Brook-Carter - 17 February 2004 11:32

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Managing a major sports team is often cited as one of the highest pressure jobs going, with job security at a minimum and the chances to complete your long term visions poor.

In this case real life is starting to reflect sport, according to Foster's boss, Ted Kunkel, who this week argued for longer contracts for chief executive appointments.

Kunkel, it seems, believes that current four and five-year tenures for CEOs are too short, market-driven and do not allow for a strategic vision to be implemented. He said strategic visions required up to 10 years to fulfil.

But if there are a tougher lot to please in the short term than sport fans, it is institutional investors, so one wonders if Kunkel's hopes are realistic at all.

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