QUOTE : Fitza estimates than in addition to these uncontrollable elements, about 70 percent of a company’s performance, for which the CEO normally gets credit and blame, is a matter of pure random chance. When a corporation sets out to find a new chief executive, it often hires headhunters and consulting firms, spending months of work and millions of dollars to pick just the right candidate. Fitza’s research suggests that they might as well have identified a pool of applicants with the general qualifications required for the job, and then just pulled names out of a hat.