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Organizational scholars have achieved broad consensus on two facts: the era of the loyal “organization man” is over, and traditional large bureaucracies are being replaced by new organizational forms. Commentators in both the popular press and the scholarly literature have documented the myriad ways that jobs at all levels are less secure and how both organizations and employees are less loyal (cf., Cappelli, 1999; Osterman, 1999). These changes in the nature of the employment relationship are particularly visible in the executive ranks. The promotions and ousters of corporate leaders that are core to academic theories of governance and motivation are chronicled in the press in colorful detail. Executive tenure has declined and executive mobility is facilitated by professional executive search firms (Khurana, 2002). At the same time, we see widespread change in how organizations are designed and managed …