Why do people want to become CEO in the first place?” That was one of the first questions I posed to Ty Wiggins during our interview for the Leadership 2.0 Podcast.

After all, the statistics are sobering:

• The turnover of CEOs is at an all-time high: from 9.2 years in 2018 to 7.6 years in 2022
• 50% of all CEOs reported feelings of loneliness
• The average workweek of CEOs is more than 60 hours
• Burnout is a reality for 71% of CEOs

Being a CEO comes with immense responsibility because the CEO is ultimately accountable for the company’s entire trajectory, from strategic wins like M&As to major setbacks like corporate scandals.

Every day, CEOs must make tough decisions on issues that can’t be resolved at lower levels. More often than not, these choices are a matter of picking the ‘least unattractive’ option. These decisions have a significant influence on the lives and financial well-being of all stakeholders. This broad group includes employees, investors (e.g., pension funds), consumers, suppliers, and government bodies.

In the 32nd episode of the Leadership 2.0 podcast, I interview Ty Wiggins of Russell Reynolds about his book ‘The New CEO – Lessons from CEOs on How to Start Well and Perform Quickly (Minus the Common Mistakes)’.

During our conversation, we discussed the following topics:

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