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Believing the conventional wisdom that they have roughly 90 days to prove themselves, many new CEOs get into trouble by launching bold initiatives before they’ve won the support and trust they need to effect change. According to a study of nearly 1,400 CEOs, earning people’s confidence actually takes two years. But leaders who focus methodically on gaining it can generate remarkable increases in company value. Drawing on their research and experience, the authors advise incoming CEOs to adopt a patient approach by setting a deliberate pace, picking battles strategically, and engaging stakeholders when the time is right. [ABSTRACT FROM AUTHOR]

SPACs (special purpose acquisition companies) are the hottest, fastest-growing tool new companies use to go public today. For SPAC boards, the fast pace, hard work, and heavy networking also make [...]

The article presents answers to a question about a painless click in one hip while walking.