The Risky business of hiring stars

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<abstract>When a company hires a star, the star's performance plunges, there is a sharp decline in the functioning of the group or team the person works with, and the company's market value falls. Moreover, stars don't stay with organizations for long, despite the astronomical salaries firms pay to lure them away from rivals. For  all that reasons , companies cannot gain a competitive advantage by hiring stars from outside the business. Instead, they should  focus on growing talent within the organization and do everything possible  to retain the stars they create</abstract>
<note type="statement of responsibility">Boris Groysberg, Ashish Nanda, Nitin Nohria</note>
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