Issue link: https://beckershealthcare.uberflip.com/i/759108
15 15 CEO/STRATEGY Want To Be a CEO? Diversify Your Experience, Study Says By Emily Rappleye I magine three workers: Richard, Charles and Anne. Richard has a bachelor's degree, lives in Tusla, Okla., and has worked in finance for three companies across three different industries. Charles earned his bachelor's from a top international school and also holds a master's degree in computer science. He lives in London and has worked in IT and sales for two different companies across two different industries. Anne completed her un- dergraduate education and an MBA in two of the top five programs in the U.S., lives in New York and has worked in four different job functions at four companies, all in the same industry. Who is most likely to become CEO? According to research from LinkedIn, Anne is by far most likely to become CEO. Her chance is 63 percent, com- pared to Charles' 15 percent and Richard's 6 percent. To better understand how people climb the corporate ladder, researchers from LinkedIn analyzed the career paths of nearly 460,000 users who worked at a top 10 consultancy between 1990 and 2010. Among those LinkedIn users, roughly 64,000 became a vice president, partner or CEO at a company of at least 200 employees. The researchers took a closer look to see what types of traits were associated with becoming an executive. They were able to pin down the following traits. 1. Working across job functions boosts a person's ca- reer by the average equivalent of three years of work experience. 2. Switching industries had a slight negative effect on career paths. 3. Earning an MBA from a top five program — based on U.S. News and World Report rankings — was worth 13 years of work experience. A non-top five program MBA was worth just five years of experience. Other advanced degrees were popular, but did not have as great of an effect as an MBA. 4. The best U.S. city to launch its residents to executive levels is New York. Living in Houston and Washington, D.C. decreased a person's chances of making it to the top, according to the report. On a global level, Mum- bai and Singapore were common cities associated with executive career paths and Sao Paulo and Madrid were associated with the most negative effects. 5. Gender matters, unfortunately. A woman with the same traits as a man needed 3.5 more years of expe- rience to reach the same probability of becoming an executive, according to the report. These findings explain why Anne — who lives in New York, has degrees from highly reputable institutions and an array of experience, but all within the same industry — is most likely to reach the C suite. n Board of Allina-Run Hospital Votes to Dissolve By Ayla Ellison T he North Suburban Hospital District Board, which owns Unity Hospital in Fridley, Minn., voted to disband and stop collecting taxes to support the hospital. The hospital board was formed in the 1960s with the aim of building and supporting Unity Hospital, according to the Star Tribune. However, the board believes its services and support are no longer needed now that Unity Hospi- tal is run by Minneapolis-based Allina Health. "The Hospital District Board determined that it could no longer provide healthcare facilities focused on the citizens in its participating cities," the board said in a statement, ac- cording to the Star Tribune. "[The board] was formed when healthcare was a local issue and hospitals were stand-alone entities providing a broad range of services." The board's unanimous vote to dissolve comes after Al- lina announced it intends to merge Unity Hospital and Mercy Hospital in Coon Rapids, Minn., under one license. The two hospitals will begin operating under one license Jan. 1, 2017. The board also voted to stop collecting taxes from its five service areas to support Unity Hospital in 2017, according to the report. Three candidates for the North Suburban Hospital District Board opposed the board's decision to disband. Linda Hamilton, a candidate and former president of the Min- nesota Nurses Association, believes the board is needed to resist changes Allina wants to make at Unity. n Former Mayo CEO Gene Mayberry Dies at 87 By Erin Dietsche W . Eugene Mayberry, MD, a former CEO of Rochester, Minn.-based Mayo Clinic, died Sept. 18, according to the Post Bulletin. Dr. Mayberry was 87. e cause of death was not included in the report. Dr. Mayberry joined Mayo in 1960. During his tenure, he served as a professor of laboratory medicine and professor of medicine at Mayo Clinic. He was chairman of the Department of Laboratory Medicine from 1970 to 1975. From 1976 to 1987, Dr. Mayberry served as president and CEO of Mayo Clinic. In that role, he led Mayo to establish sites in Jackson- ville, Fla., and Scottsdale, Ariz. In June 1987, President Ronald Rea- gan appointed him to lead the presidential advisory commission on the AIDS epidemic, according to e New York Times. n