Investors keen on bosses who move from bootcamp to board
INVESTORS tend to believe that firms with ex-military executives can steal a march on their competitors, according to new research.
Almost four in ten retail investors are more willing to put money into a firm whose chief executive had served in the armed forces, compared to 11 per cent who said a boss with military career would put them off.
And six in ten senior executives think that the move from bootcamp to boardroom better equips directors to perform under pressure.
One in five FTSE 100 firms have at least one board member with a background in the armed forces, and 39 per cent have ex-military senior directors.
The research was commissioned by Time:Reboot, a new venture capital trust that aims to invest in businesses set up by entrepreneurs among the 2m former servicemen and women in the UK.