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In this issue
Best practices when sending a pink slip to the corner office.
Record number of CEOs reached retirement age
• In 2017, nearly 17% of sitting CEOs reached retirement age (64 or older). That’s the highest rate since we began tracking successions.
Outsider CEOs gained steam
• Outsiders filled around 44% of vacancies. In both 2015 and 2016, they filled about 14%.
The best CEOs left less often
In the The CEO’S Boss: Tough Love in the Boardroom published in 2010, Columbia Business School management professor William Klepper, predicted that “lead independent directors will become the chief process leaders of their board.”
So what happened?
As I have done for the past 25 years, I delivered to my family a “Thanksgiving Day Address,” which this year focused on “The Content of America’s Character.” America’s character animates our moral fiber, core convictions, and enduring values, inspiring us to do the right thing.