3 ms·
If you have experience/more info around this area I'd love to hear. Never having attended a board meeting, I'm reliant upon others' pithy quotes.
by jamestimmins 9y ago
If you have experience/more info around this area I'd love to hear. Never having attended a board meeting, I'm reliant upon others' pithy quotes.
- paxy 9y agoIt is the board's job to appoint the CEO. There are subcommittees formed to do this, which the existing CEO usually stays away from, because in almost all cases there is a reason the CEO is stepping away/being made to step away in the first place. Heck even in Steve Jobs' retirement letter (https://www.apple.com/newsroom/2011/08/24Letter-from-Steve-Jobs https://www.apple.com/newsroom/2011/08/24Letter-from-Steve-J...) he didn't appoint Tim Cook CEO but rather "strongly recommended" him to the board.
- jamestimmins 9y agoAh I see what you mean. I think the quote is referencing the choice to step down, not the choice of successor.