While CFOs’ ingratiation of CEOs, reflected in their LSM, may be beneficial to the CFOs, as discussed above, it may have an adverse impact on their firms. Role theory suggests that roles in formal organizations connote identified social positions and normative expectations (Biddle, 1986; Gross, Mason, & McEachern, 1958; Kahn et al., 1964). Among senior executives of a firm, the CEO plays the role of leader, who looks for new business opportunities and sets the agenda and direction for organizational growth (Mintzberg, 1973a, b, c), while other senior executives play supporting roles by providing critical inputs for the CEO’s decisions. In the CEO-CFO dyad, the CEO is expected to look over the horizon in search of next great ideas, and the CFO is anticipated to urge caution, voice dissent, and make the CEO aware of risks (Tulimieri & Banai, 2010, p. 240).