The final paper is a warning to boards and recruiters not to hedge bets. If you hire a CEO to shift your company’s direction, don’t undermine that choice by keeping the old CEO around, at least not for more than a few months. Let him or her depart, ideally in friendship, but also in totality.
Reprint No. 00185
- Matt Palmquist is a freelance business journalist based in Oakland, Calif., and the author of s+b’s Recent Research column.