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| Tekijä: | Wiersema, M. |
| Otsikko: | Holes at the top: Why CEO firings backfire |
| Lehti: | Harvard Business Review
2002 : DEC, VOL. 80:12, p. 70-77 |
| Asiasana: | Human resource management Chief executive officers Board of directors Employment Success USA |
| Vapaa asiasana: | Hiring Firing |
| Kieli: | eng |
| Tiivistelmä: | For better or worse, investors now view chief executives as the primary determinant of corporate performance. The reality is, however, that most companies do not perform better after they dismiss their CEOs than they did in the years leading up to the dismissals. The blame for such poor results lies squarely with boards of directors. Boards often lack the strategic understanding of the business necessary to give due diligence to choosing a replacement CEO. Concern over restoring investor confidence quickly, rather than doing what is right for the company, drives the selection process. A good board can make a CEO replacement pay off if its members first develop a better understanding of the business context. |
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