There is widespread suspicion that women and minorities only get appointed to top corporate jobs when companies are in deep trouble. A 2012 study provided evidence that this “glass cliff” phenomenon is real, and dubbed it the “savior effect.”

New research reports those “saviors” are very often Asian Americans. Analyzing five decades of data, it finds they are 2.5 times as likely to be appointed chief executive officer if a firm is in decline.

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