Your friend is a Vice President of HR. He says, “Most CEO’s, when asked by the Board of Directors to resign, fight to keep their jobs.” Is this correct
Your friend is a Vice President of HR. He says, “Most CEO’s, when asked by the Board of
Directors to resign, fight to keep their jobs.” Is this correct?
It is given without being said that everyone, if they are being paid well and are willing to work, then they would fight to keep their jobs when asked to resign.
Typically a CEO gets fired when he/she reaches the retirement age, investors demand a change about poor performance. In many companies, CEOs are bound by tradition or policy to step down at a certain age, and plan accordingly. But some CEOs have a very hard time dealing with succession and retirement. This is because of the realization that one must give up power threatens the deep-seated wish to believe in one’s own immortality. Another reason for his refusal to deal with succession may have been a profound wish to leave a legacy.
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