Beware the Transition from an Iconic CEO

Disney, Starbucks, P&G, Microsoft, GE, Ford, Twitter, Dell, Nike, and scores of other marquee companies in their prime have stumbled painfully in CEO transitions. And we may see more stumbles to come: Almost a quarter of Fortune 200 companies are led by CEOs who’ve been in place for a decade or longer. What makes succession failures especially unfortunate is that they are largely self-imposed wounds. The authors, who have nearly three decades advising more than 1,000 companies on CEO succession, discuss the mindsets that lead boards down the wrong path, and offer seven strategies to ensure a healthy succession pipeline. 

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