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CEO Groupthink and Risky Decision
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Hertz's CEO made a risky decision to purchase 100,000 Teslas, leading to financial losses for the rental company. Despite initial praise, the move faced challenges and resulted in stock price drops. Ford CEO Jim Farley praised the decision.
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How can companies ensure that CEO decisions align with long-term financial goals and risk management strategies?
How might this incident impact the perception of CEO decision-making in the business world?
What are the potential risks of CEO groupthink and overconfidence in business decisions?
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