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I don't know the story of all of these, but I know that Iger was at Disney for years before becoming CEO. He was promoted up, and not some outside former CEO th
by jshen 14y ago
I don't know the story of all of these, but I know that Iger was at Disney for years before becoming CEO. He was promoted up, and not some outside former CEO that was brought in. Same with Cook, and I believe this same is true of Welch.
Maybe there is something to promoting from within vs hiring some former CEO?
- maayank 14y agoFunny you mention it, that is exactly the subject of a new Economist story[1][2] [1] http://www.economist.com/blogs/graphicdetail/2012/05/daily-chart-15 http://www.economist.com/blogs/graphicdetail/2012/05/daily-c... [2] link from within the charts page above: http://www.economist.com/node/21555895 http://www.economist.com/node/21555895
- cpeterso 14y agoJobs did a good job of grooming his replacement(s). Promoting an insider means strategic continuity and established trust.
- yuhong 14y agoI have been thinking of hiring CEOs from non-traditional sources for a while now. Look at how Reddit hired Yishan for example.
- hkmurakami 14y agoYes, Welch started at GE after receiving his PhD. in Chemical Engineering from University of Illinois UC [1]. He joined GE in 1960, and became CEO in 1981. [1]http://en.wikipedia.org/wiki/Jack_Welch http://en.wikipedia.org/wiki/Jack_Welch