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“I’m responsible for this company. I stand behind the results. I know the details, and I think the CEO has to be the moral leader of the company, … I think high standards are good, but let’s not anybody be confused, it’s about performance with integrity. That’s what you have to do,” Jeffrey Immelt, chief executive of General Electric, once said, underscoring the important role those at the helm of the biggest firms in the world play in ensuring they function like a well-oiled machine.
It is perhaps with this in mind that those who can make or break a company through their management styles are paid well.
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