CHAPTER 13

The Leader’s Guide to Retirement

by Marc A. Feigen and Ronald A. Williams

“I don’t quite know what to do next,” said Simon, a media CEO. Simon had been a chief executive for 15 years, and CFO before he was 30. He had turned around private and public companies, quadrupled profits, and quintupled revenue. But, with his company recently sold, Simon was considering retirement. Like many CEOs and leaders, he had no time to plan his retirement—all his focus had been on running the company.

Each year, over 100 CEOs retire from S&P 1000 companies. Even in the most well-oiled succession processes, one piece is almost always missing: preparing the current CEO for the next phase in their career. “I was so focused on the CEO job, I didn’t spend ...

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