Following a long-serving legend is not for the faint-hearted. Here’s how to maximise your chances of success – and how boards can reduce the risk of failure.
Long-serving CEOs generally deliver higher shareholder returns than shorter-serving CEOs. They may be founders and visionaries who are hard to follow. Their successors often struggle to live up to their performance and reputation. Writing in Strategy+Business, Per-Ola Karlsson, Martha Turner and Peter Gassmann look at ways to ensure a smooth, successful transition.
CHARACTERISTICS OF LONG-SERVING CEOS