How are Investment Bank CEO's selected?
I have many questions about this.... who exactly selects the CEO?
Why is it that most IB CEOs are not ndividuals who spent most of their career at the firm ( like Dick Fuld )? It seems like the person who devoted the majority of his/her career to the specific bank should be elected to become the CEO.
Also how many hours/week do IB CEOs work weekly... about the same as MDs?