The CEO selection and succession process is notoriously dysfunctional. Often, the wrong person is selected or the right person is put into a situation that blocks them from doing a good job. This is the first book on the topic to address the interrelationships between the five key groups in the CEO selection process--boards, HR executives, recruiters, CEOs, and CEO candidates. The authors also identify the fatal flaws in the current CEO selection systems and offer recommendations for creating a process that will guarantee the best leadership outcome possible. The book is filled with helpful insider examples and anecdotes to illustrate how this often ineffectual process can be righted.
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Frederick W. Wackerle has counseled CEOs and successfully recruited CEO successors, senior officers, and board members for top companies such as Biogen, Inc., Citicorp, Inc., FMC Corp, IMC Global, MassMutual, Medtornic, Inc., Playboy Enterprises, Inc., Textron, Inc., and Whirlpool Corp.
Newspapers are filled with reports of highly paid CEOs who are pressured to hand in their resignations, fired by their disgruntled board of directors, or interfered with by a retired CEO who won't go away. These reports signify a growing crisis in business leadership because the same companies routinely fail to develop talent from within the organization and CEO succession plans are woefully inadequate or nonexistent.
Written by Frederick Wackerle-- one of the country's foremost executive search consultants-- The Right CEO identifies the fatal flaws in the current CEO selection process and offers a plan for remedying it. Using real-life examples, Wackerle gives a clear understanding of why organizations fail to select the right CEO. He includes solid suggestions for finding and selecting a CEO successor who is right for an organization and also gives CEO candidates candid information they need to evaluate the right or wrong opportunity.
Unlike other books on the topic, The Right CEO explores the idea that many CEO selections are flawed because the inter-relationship between the five key players-board members, incumbent CEOs, human resource executives, CEO search consultants, and candidates-is often dysfunctional. Using the examples, suggestions, and information outlined in this book,
* Board members will gain governance insight for overcoming their often unconscious leadership biases and select the candidate who best meets the strategic needs of the organization.
* Incumbent CEOs will be led to explore the fine line between securing the company's future and establishing their own legacies.
* Search consultants will find ways to increase the likelihood that their clients will select the right candidate.
* Human resource executives will discover how they must assume a more important role in CEO succession and selection and help the selection committee avoid common mistakes.
* Prospective candidates will learn how to get past common naive candidate assumptions in order to evaluate a CEO offer objectively.
The book is also filled with a wide variety of helpful checklists, questions, and analytical tools that will prove invaluable in placing the right CEO.
Newspapers are filled with reports of highly paid CEOs who are pressured to hand in their resignations, fired by their disgruntled board of directors, or interfered with by a retired CEO who won't go away. These reports signify a growing crisis in business leadership because the same companies routinely fail to develop talent from within the organization and CEO succession plans are woefully inadequate or nonexistent.
Written by Frederick Wackerle-- one of the country's foremost executive search consultants-- The Right CEO identifies the fatal flaws in the current CEO selection process and offers a plan for remedying it. Using real-life examples, Wackerle gives a clear understanding of why organizations fail to select the right CEO. He includes solid suggestions for finding and selecting a CEO successor who is right for an organization and also gives CEO candidates candid information they need to evaluate the right or wrong opportunity.
Unlike other books on the topic, The Right CEO explores the idea that many CEO selections are flawed because the inter-relationship between the five key players-board members, incumbent CEOs, human resource executives, CEO search consultants, and candidates-is often dysfunctional. Using the examples, suggestions, and information outlined in this book,
* Board members will gain governance insight for overcoming their often unconscious leadership biases and select the candidate who best meets the strategic needs of the organization.
* Incumbent CEOs will be led to explore the fine line between securing the company's future and establishing their own legacies.
* Search consultants will find ways to increase the likelihood that their clients will select the right candidate.
* Human resource executives will discover how they must assume a more important role in CEO succession and selection and help the selection committee avoid common mistakes.
* Prospective candidates will learn how to get past common "naive" candidate assumptions in order to evaluate a CEO offer objectively.
The book is also filled with a wide variety of helpful checklists, questions, and analytical tools that will prove invaluable in placing the right CEO.
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