December 2010
Intermediate to advanced
576 pages
18h 15m
English
book
The Talent Management Handbook: Creating a Sustainable Competitive Advantage by Selecting, Developing, and Promoting the Best People, 2nd Edition
by Lance Berger, Dorothy Berger
Content preview from The Talent Management Handbook: Creating a Sustainable Competitive Advantage by Selecting, Developing, and Promoting the Best People, 2nd Edition
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Chapter 17Ensuring CEO Succession Agility in the Boardroom
ON APRIL 19, 2004, JAMES CANTALUPO, THE CEO OF MCDONALD’S, DIED OF A HEART attack. The next day the board of the McDonald’s Corporation announced that Charlie Bell would succeed Cantalupo. Although the board and employees of McDonald’s grieved for James and his family, the company didn’t miss a heartbeat.
On October 2, 2009, in the midst of a financial crisis, Ken Lewis, CEO of Bank of America, announced his resignation. The board had ample warning, since Ken was under pressure to move on for months. But the board had no successor. ...
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