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Over-confident CEOs can be unsafe for business

By: Team Ifairer | Posted: 20-10-2014
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Ferris also found that CEOs who are over-confident often use cash to purchase or merge with other businesses. Over-confident CEOs do this because they believe their stock is undervalued, but Ferris is concerned that this action can deplete a company of important resources and leave it vulnerable to financial problems.

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