The vast amount of business executives who unexpectedly fail gives an indication of the difficulty of selecting and promoting the best individuals into greater roles of responsibility. Recent failures include:
• McDonald’s chief executive officer (CEO) Don Thompson, a 25-year employee, left in January 2015 as a result of declining sales.
• Yishan Wong, recruited to be Reddit’s CEO in 2011, resigned in 2014, less than three years in the position, citing extreme job stress.
• Mattel CEO Bryan Stockton was terminated without cause in January 2015, as global sales fell 7 percent. He had been with Mattel for 15 years.
• Scott Thompson was recruited from PayPal to be the CEO of Yahoo in January 2012. Yahoo abruptly ...