Don't Invest if the CEO Is Single?
NEW YORK ( MainStreet) -- When was the last time you checked a CEO's romantic status before choosing whether to invest?
If you're like most people with reasonable expectations of other people's privacy, the answer is probably "never." But if so, you want to pry after all.
A study from the Wharton School of Business found that firms run by single CEOs invest 10% more than firms run by married people, and that the volatility of those firms' stock returns is 3% higher than of their married counterparts.
|Because of their desire to maximize wealth to attract a mate, single CEOs tend to make riskier bets with the companies they run.|
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