Whether precipitated by sudden tragedy, CEO performance issues, or a key executive simply going elsewhere or retiring, succession planning has become a front-burner issue in corporate boardrooms across the country. For board members, CEOs, and anyone concerned about the quality of governance in corporate America, CEO Succession fills the need for a practical, best-practices roadmap that puts the board of directors squarely at the helm as the guiding force for ensuring the steady flow of effective leadership.
Authors Carey and Ogden draw on personal interviews and their own behind-the-scenes work with the CEOs and directors of some of the leading companies in the world to articulate the field-tested strategies and techniques boards need to create a systematic and transparent planning process that promotes a seamless transition of leadership at every level in the organization. With an up-close look at such companies as Metropolitan Life, Hewlett-Packard, Mellon Bank, and GTE, CEO Succession shows how to put in place the key elements essential in the succession planning process: establish and sustain a reliable succession agenda and timetable; implement a self-renewing succession culture that develops leaders at all levels of management; create a healthy relationship between the Board and CEO that keeps the CEO on track; and benchmark internal candidates for CEO and other top posts with comparable outside leaders.
With practical guidelines and experienced advice from leading consultants in this field, CEO Succession offers a long overdue antidote to what stakeholders, Wall Street, and the media have decried as a lack of board leadership in carrying out its fundamental fiduciary responsibility: ensuring the steady flow of effective leadership in Corporate America.
"Dennis Carey and Dayton Ogden offer the insiders' prescription for success in succession. Directors will savor the advice on how to pick the right CEO; executives will relish the advice on how to be chosen; everyone will delight in seeing how it's really done at companies from Cigna and Delta to GE and Sunbeam. Graphically narrated by search specialists at the top of the game, CEO Succession tells how to put the right leadership in place for results."--Michael Useem, Egan Professor of Management and Director of the Center for Leadership and Change, Wharton School, University of Pennsylvania "For CEOs and directors who fear losing valuable 'number twos' and other top talent, CEO Succession is a must read--compelling and interesting." --Joseph Galli, President and COO, Amazon.com, Inc. "CEO succession: a matter of art or science? The answer this book describes is both. The authors provide excellent guidance for corporate directors on how to best influence and control the mix. This is a must-read for corporate board members and other top managers given the crucial importance of succession for all companies."--Leo Mullin Chairman and CEO, Delta Air Lines, Inc. "Carey and Ogden present a logical and systematic approach to succession planning for CEOs and directors who prefer to learn from the best companies rather than reinvent the wheel."--Jan Leschly, CEO, SmithKline Beecham "The concept and practice of Global Intelligence--coined by the authors--is of enormous value whether or not a company is considering CEO succession. Today companies must continually keep a measure of inside and outside executive talent."--Dennis Kozlowski, CEO, Tyco "CEO Succession deals with an issue that is vital to every organization--public and private. The company examples discussed are current, candid and provocative."--Kevin W. Sharer, President and COO, Amgen, Inc. "Dennis Carey and Dayton Ogden offer the insiders' prescription for successin succession. Directors will savor the advice on how to pick the right CEO; executives will relish the advice on how to be chosen; everyone will delight in seeing how it's really done at companies from Cigna and Delta to GE and Sunbeam. Graphically narrated by search specialists at the top of the game, CEO Succession tells how to put the right leadership in place for results."--Michael Useem, Egan Professor of Management and Director of the Center for Leadership and Change, Wharton School, University of Pennsylvania "The authors focus on the role of boards of directors in the succession process. They explain how to define and assign responsibilities, emphasize the need to develop potential leaders internally, and provide guidelines on how CEOs and boards should work together."--Booklist "Two senior headhunters at Spencer Stuart turn in this book aimed at successfully negotiating the minefield of leadership transitions. The key elements: creating a succession agenda and schedule; developing leadership talent internally; managing succession via Boards; and, measuring candidates."--Business Reader Review
|Covering All the Bases||p. 15|
|Putting a Process in Place||p. 37|
|Looking Deep Within the Organization||p. 63|
|Striking the Right Balance Between the Board and the CEO||p. 91|
|The Delicate Matter of the "Number Two"||p. 115|
|Financial Tools That Promote Succession Planning||p. 129|
|Global Intelligence: A Window on the World||p. 147|
|Flashing Yellow Light: Potential Problems Ahead||p. 165|
|Conclusion: Core Principles Yield Best Practices||p. 189|
|Recommended Reading||p. 197|
|Table of Contents provided by Blackwell. All Rights Reserved.|
Number Of Pages: 224
Published: 25th May 2000
Country of Publication: US
Dimensions (cm): 24.1 x 16.2 x 2.2
Weight (kg): 0.5