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Freakonomics Radio

Are Two C.E.O.s Better Than One? (Update)

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 29 October 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

Spotify, Oracle, and Comcast have each recently announced they’re going with co-C.E.O.s. In this 2023 episode, we dig into the research and hear firsthand stories of triumph and disaster. Also: lessons from computer programmers, Simon and Garfunkel, and bears versus alligators.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey there, Stephen Dubner.

0:06.0

If you follow business news, you may have noticed an interesting trend.

0:10.0

Big companies hiring not one, but two CEOs.

0:14.0

It's happening at Spotify, Oracle, Comcast, and elsewhere.

0:18.0

Why does this seem to be happening so frequently? Well, one possibility, a slight

0:23.2

possibility perhaps, is that all those people have been listening to Freakonomics Radio in an episode

0:28.6

that we made a couple years ago called Our Two CEOs Better Than One. So we thought it might be a good

0:34.5

time to revisit that episode, and that's what we're playing for you today as a bonus episode.

0:38.7

We have updated facts and figures.

0:40.9

We're necessary.

0:41.9

As always, thanks for listening.

0:50.6

People often ask me, where do you get the ideas for your show? And I usually say something like,

0:56.2

well, I don't have a real job. This show is all I do. So I spend a lot of time reading, talking to

1:02.4

people, wandering around, trying to sort out what's interesting in the world and what's under-explored.

1:09.1

But occasionally, a good idea just shows up in an email, like the

1:13.5

one we received from one Zach Levine of Tampa, Florida. As an entrepreneur who has started and

1:19.3

sold several successful tech startups, he wrote, I have always toyed with the idea of having

1:24.4

a co-CEO. I shine at most CEO-related things, but there are many I'm not

1:30.7

great at. So my question for you, do companies run by co-CEOs perform better than those run by

1:37.4

solo CEOs? Today, on Freakonomics Radio, let's find out. We will hear from one CEO expert who thinks

1:46.7

co-CEOs are a great idea and one who thinks it's absurd. We'll hear directly from some co-CEOs,

1:55.4

one pair that is happily running a big company and one from a huge company that went down in flames.

...

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