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The chapter notes that in 2010, in roughly two thirds of U.S. firms, the CEO is also the chair of the board of directors. More broadly this can be viewed as an intermingling of management and ownership. Why are these two roles typically separated? Is it a positive development for so many firms to have a combined CEO and board chair?

Image text transcribed for accessibility: In roughly two thirds of U.S. firms, the CEO is also the chair of the board of directors. More broadly this can be viewed as an intermingling of management and ownership. Why are these two roles typically separated? Is it a positive development for so many firms to have a combined CEO and board chair?

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