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The hero's farewell what happens when CEOs retire

How a business replaces its chief executive is a vital issue for the firm's future. Unless the transfer of power is managed effectively, the business may be thrown into turmoil--with profound implications not only for the CEO, but also for the other employees, the shareholders, and sometimes even the industry as a whole. Yet not enough is known about this crucial moment in the history of a company. Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, this book describes in detail the factors that affect executive succession, focusing on the critical role a CEO's departure style plays in helping or hindering the transfer of power. The author has obtained candid interviews with fifty prominent retired chief executives from corporations such as AT & T, Ford, Dupont, United Technologies, and Raytheon (including Edwin Land of Polaroid, David Rockefeller of Chase Manhattan, and Tom Watson, Jr. of IBM). Through these interviews and a survey of an additional 300 top managers, he identifies the four major types of leadership departure styles: Monarchs, who choose not to leave voluntarily but either die in office or are overthrown; Generals, who leave reluctantly and spend their retirement planning a comeback; Ambassadors, who retain close ties with their former firms; and Governors, who willingly serve a limited term and leave to pursue new interests. Understanding how these leadership styles affect the transition process can enable both CEOs and their firms to better prepare for the changes to come. Executive successions are rarely easy, especially today when many of our business leaders have become heroes. These heroes are often unwilling to surrender control of a firm to which they have dedicated their lives. Retirement deprives them of a clear sense of purpose and indeed, for many, it is equated with abdication of responsibility and even death. Yet some retiring leaders exit constructively, starting new lives for themselves and leaving behind a firm that is capably managed. Capturing the human drama of these departures and succession battles, this book will fascinate anyone intrigued by power struggles in large corporations. More important, in outlining the ways to smooth out the inevitable transfers of power that corporations must face, it provides essential information for all top executives and especially for CEOs.

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  • "What happens when CEOs retire"

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  • "How a business replaces its chief executive is a vital issue for the firm's future. Unless the transfer of power is managed effectively, the business may be thrown into turmoil--with profound implications not only for the CEO, but also for the other employees, the shareholders, and sometimes even the industry as a whole. Yet not enough is known about this crucial moment in the history of a company. Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, this book describes in detail the factors that affect executive succession, focusing on the critical role a CEO's departure style plays in helping or hindering the transfer of power. The author has obtained candid interviews with fifty prominent retired chief executives from corporations such as AT & T, Ford, Dupont, United Technologies, and Raytheon (including Edwin Land of Polaroid, David Rockefeller of Chase Manhattan, and Tom Watson, Jr. of IBM). Through these interviews and a survey of an additional 300 top managers, he identifies the four major types of leadership departure styles: Monarchs, who choose not to leave voluntarily but either die in office or are overthrown; Generals, who leave reluctantly and spend their retirement planning a comeback; Ambassadors, who retain close ties with their former firms; and Governors, who willingly serve a limited term and leave to pursue new interests. Understanding how these leadership styles affect the transition process can enable both CEOs and their firms to better prepare for the changes to come. Executive successions are rarely easy, especially today when many of our business leaders have become heroes. These heroes are often unwilling to surrender control of a firm to which they have dedicated their lives. Retirement deprives them of a clear sense of purpose and indeed, for many, it is equated with abdication of responsibility and even death. Yet some retiring leaders exit constructively, starting new lives for themselves and leaving behind a firm that is capably managed. Capturing the human drama of these departures and succession battles, this book will fascinate anyone intrigued by power struggles in large corporations. More important, in outlining the ways to smooth out the inevitable transfers of power that corporations must face, it provides essential information for all top executives and especially for CEOs."@en
  • "How a business replaces its chief executive is a vital issue for the firm's future. Unless the transfer of power is managed effectively, the business may be thrown into turmoil--with profound implications not only for the CEO, but also for the other employees, the shareholders, and sometimes even the industry as a whole. Yet not enough is known about this crucial moment in the history of a company. Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, this book describes in detail the factors that affect executive succession, focusing on the critical role a CEO's departure style plays in helping or hindering the transfer of power. The author has obtained candid interviews with fifty prominent retired chief executives from corporations such as AT & T, Ford, Dupont, United Technologies, and Raytheon (including Edwin Land of Polaroid, David Rockefeller of Chase Manhattan, and Tom Watson, Jr. of IBM). Through these interviews and a survey of an additional 300 top managers, he identifies the four major types of leadership departure styles: Monarchs, who choose not to leave voluntarily but either die in office or are overthrown; Generals, who leave reluctantly and spend their retirement planning a comeback; Ambassadors, who retain close ties with their former firms; and Governors, who willingly serve a limited term and leave to pursue new interests. Understanding how these leadership styles affect the transition process can enable both CEOs and their firms to better prepare for the changes to come. Executive successions are rarely easy, especially today when many of our business leaders have become heroes. These heroes are often unwilling to surrender control of a firm to which they have dedicated their lives. Retirement deprives them of a clear sense of purpose and indeed, for many, it is equated with abdication of responsibility and even death. Yet some retiring leaders exit constructively, starting new lives for themselves and leaving behind a firm that is capably managed. Capturing the human drama of these departures and succession battles, this book will fascinate anyone intrigued by power struggles in large corporations. More important, in outlining the ways to smooth out the inevitable transfers of power that corporations must face, it provides essential information for all top executives and especially for CEOs."
  • "The author explains that that the management succession process involving chief executive officers of major corporations is affected by the heroic view that CEOs have of themselves. 'Some plan carefully and choose wisely who will succeed them. Others fight the process and must be forced out in what can be traumatic processes ...'"
  • "The Marxist prediction that capitalist bureaucracy must inevitably neutralise individualistic leadership in industry, has been disproved over and over by the careers of industrial 'superstars' from Andrew Carnegie to Henry Ford, Lee Iacocca, Estee Lauder, and David Rockerfeller - all of whom could be described as having made their own personal stamp on their respective businesses. Arguing that personality can also affect the departure styles of retiring CEOs, Sonnenfeld defines four principle types: Monarchs, Generals, Ambassadors, and Governors. The personality of each type is outlined in interviews with real-life business leaders and illustrated with numerous pithy anecdotes, making The Hero's Farewell both a well-researched and an entertaining read."@en
  • "How a business replaces its chief executive often determines that firm's future. If a business does not effectively manage the transfer of power, utter turmoil can result, with profound implications not only for the CEO, but also for the other employees, the shareholders, and the community at large. Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, The Hero's Farewell describes in rich detail the factors that affect executive succession. Jeffrey Sonnenfeld offers the first close examination of the critical role a CEO's departure style plays in helping, or."@en

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  • "The hero's farewell what happens when CEOs retire"
  • "The hero's farewell what happens when CEOs retire"@en
  • "The Hero's Farewell What Happens When CEOs Retire"@en
  • "The hero's farewall : what happens when CEOs retire"
  • "The hero's farewell : whatr happens when CEOs retire"
  • "The hero's farewell : what happens when CEOs retire"
  • "The hero's farewell : what happens when CEOs retire"@en
  • "The Hero's Farewell : What Happens when CEOs Retire"

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