The board of directors is expected to manage CEO succession and select the next CEO. Several companies, however, allow the outgoing CEO to make this decision. When are handpicked successors likely to succeed, and when are they likely to fail? Some answers are provided in “The Handpicked CEO Successor,” by David F. Larcker, Stephen A. Miles, and Brian Tayan. Click here for a copy of this new release in the Stanford Closer Look Series.
December 1, 2014