[0815test]

Interestingly, there's been proposals to try and let the market evaluate the "goodness" of a CEO. It basically involves issuing futures on the company stock which (1) only pay if the CEO is fired by date X, otherwise the futures are unwound (bought back at market price); (2) only pay if the CEO is not fired by that date, otherwise they are unwound in the same way. If the price of the type-1 future is significantly higher than the price of the type-2 kind, the market is saying that your CEO is bad and by firing them you'll end up with a better replacement.

[reallydontask]

I think the term good was used in the sense of a good person, however you choose to define it, rather than good for the company, which if I'm understanding what you are saying correctly, is what these futures are about.

In any case, I'm not sure that the market is the best judge of what a good CEO is, with its near constant fixation on the very short term.