Succession Plans are Just That... Plans. They still need EXECUTION. Succession plans and leadership development efforts are useless if the targeted executive doesn’t step up and do his/her part. This is an interesting and pertinent topic, as … [Read more...]
Succession Done Stupidly: Negligent planning at the highest level
Headline (edited for brevity): Swiss bank UBS named Axel Weber as its next chairman in a surprise move that robbed rival Deutsche Bank of its top candidate to succeed its chief Josef Ackermann in 2013.Make no mistake, this is Board negligence on the … [Read more...]
Change of Control & Severance… For What???
Recently, a member of a client's Board of Directors asked about the need for Change in Control agreements and severance given today's scrutiny of those plans.Folks, to use an old adage, don't throw the baby out with the bathwater. We frequently need … [Read more...]
Visions, Plans, and Hallucinations
I love pithy quotes that people regularly share.A frequently quoted proverb from Zig Ziglar on setting goals and time management: "A goal without a deadline is just a dream." Now, if you subscribe to "SMART" goal methodology, which many of you do, … [Read more...]