Wednesday, December 30, 2009

How The SEC Just Changed Succession Planning: Part I


And what you need to do about it. A two-part series.

Director One: I can't believe this news. Nick was such a tremendous guy. This is just terrible. Have you talked to his wife?
Director Two: Yes, this morning. As you can imagine, the family is devastated.
Director Three: What do we do now? We need to make some sort of announcement about who's going to lead the company--and we need to do it fast, to make sure things don't get unsettled.
Director Two: What choices do we have? This whole thing has been such a surprise. When we announced Nick as CEO last year we all figured we'd have more time before we had to go through all that again.

See full Article.