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===“Co-head is no head”=== | ===“Co-head is no head”=== | ||
To appoint co-leaders of a division, or the firm itself is to settle a petulant inter-personal dispute that is, at best, only ''adjacent'' to the institution’s interest — but in all likelihood is positively hostile to it — by undermining the one thing such an appointment is meant to achieve: ''direct personal accountability''. A sole head of business who presides over catastrophic loss may blame inclement weather, Brexit, or regulatory head-winds, but cannot evade the retort that ''managing'' external factors such as these is just the job she was empowered to do. | To appoint co-leaders of a division, or the firm itself, is to settle a petulant inter-personal dispute that is, at best, only ''adjacent'' to the institution’s interest — but in all likelihood is positively hostile to it — by undermining the one thing such an appointment is meant to achieve: ''direct personal accountability''. A sole head of business who presides over catastrophic loss may blame inclement weather, Brexit, or regulatory head-winds, but cannot evade the retort that ''managing'' external factors such as these is just the job she was empowered to do. | ||
That dynamic changes should she share the hot-seat with someone else. If something goes wrong, there’s always a reason it wasn’t ''her'' fault. Her hands were tied; it was not her area; others were looking at it. | That dynamic changes should she share the hot-seat with someone else. If something goes wrong, there’s always a reason it wasn’t ''her'' fault. Her hands were tied; it was not her area; others were looking at it. | ||