The marginal chief executive.

From: Directors & Boards | Date: June 22, 1995| Author: | Copyright information

Try as it will, even the most highly motivated board of directors sometimes chooses a chief executive who turns out to be less than qualified. Mistakes happen, for example, when the board doesn't really understand the skills required for success in the business. Or, the wrong choice can simply reflect a lack of continuity in management succession. In some cases, a board has a mistaken estimate of the ability of the chief executive to adapt to his new role.

Where the board strongly identifies with the company as an ongoing institution, the chance of its making an error is ...

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