The Decline of the Baronial C.E.O.

FAIRFIELD, Conn. — They bestrode the business world, or at least the suburban corporate campus, like a colossus. Sitting behind burnished wooden desks, in glass-walled corner offices like the one Jeffrey R. Immelt occupied at General Electric ’s former headquarters here, a select group of American chief executives were once more akin to statesmen than businessmen. G.E...
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