IT HAPPENED TO MICROSOFT WITH STEVE BALLMER; IT CAN HAPPEN TO YOU. IS YOUR COMPANY READY FOR THE SUDDEN DEPARTURE OF YOUR CEO? THINK PAST SHORT-TERM WINS. BY: ALAN GUARINO 0 COMMENTS EMAIL
The news that Microsoft CEO Steve Ballmer, who has held the position for nearly 13 years, will be stepping down in 12 months drove stock prices to jump nearly 7%, an anomaly to the standard. Yet, finding a suitable, long-term replacement for any organization can be challenging, especially in the midst of undergoing a major organizational change. Only time will tell how successful this transition will be for Microsoft, but it is further proof that boards should be making CEO succession and senior leader development a frequent standing agenda item.
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To read the full, original article click on this link: The CEO Succession Playbook For Long-Term Success | Fast Company | Business + Innovation
