We Blew It: Lessons to Learn From a Failed CEO Transition

A board I once consulted with faced hiring a new CEO after its CEO was terminated after only 14 months on the job. “We blew it!” the chair of the board of the multibillion-dollar company lamented. What has become painfully obvious in similarly unsuccessful transitions at Dell Computer, Schwab, Salesforce, and dozens of other businesses, large and small, is that the CEO succession process is more than a cut-and-paste exercise...

Glenn Tobe is a professional consultant of coaching services at the Psynet Group.