Posts

Showing posts from June 2, 2013

Back to the Future - The Comeback of the Old Boss

Image
Steve Jobs, Howard Schultz, Charles Schwab, A.G. Lafley, Narayana Murthy, Micheal Dell, Kenneth Lay, Jerry Yang & Paul Allaire - The Comeback Bosses
And to spice it up - Jose Mourinho, Nawaz Sharif & Indira Gandhi

Back to the Future it is, in the corporate world. In the recent days both Procter & Gamble & J.C. Penney replaced their sitting CEOs with his predecessor. It is strange that this back-to-the-future approach had to happen. Whilst the boards may speak of it as a step in the right direction and make nothing out of this brouhaha, this kind of succession isn't common. Closer home, Narayana Murthy is back at the helm at Infosys albeit in an exalted manner as Executive Chairman.

No matter what the board opines it suggests a few issues –
a) Poor evaluation of the present CEO
b) Poor succession planning
c) Desperation
d) Lack of time to look for a new CEO

 On the flip side what the board gets is
a) A known person with successes to boot
b) Understanding of his skil…