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Thomas Steffen

  • For CEOs, Integrity Is the Best Policy

    A new study co-authored by Yale SOM’s Thomas Steffen analyzed tens of thousands of shareholder letters to reveal whether executives’ actions typically live up to their promises. It found that firms whose CEOs scored well on this measure of integrity tended to perform better, while facing lower audit fees.
    An illustration of a CEO writing a letter with a portrait of Abraham Lincoln on the wall