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If you think about it, what does the "within 12 months" part even mean? Like, if the deadline hits, they'll just take whoever they can get?

by smackfu 13y ago

chollida1 13y ago
> If you think about it, what does the "within 12 months" part even mean? I'm not sure what part about that is confusing. In case you are ESL it means that Ballmer will retire before one year has elapsed. > Like, if the deadline hits, they'll just take whoever they can get? Running one of the largest, profitable and most prestigious companies in the world is a pretty good job. I'm pretty certain that there will be no shortage of qualified people willing to become the CEO:) No one makes an announcement like this without planning ahead, they've already got either a new CEO or a very short list of people who they've already vetted.
- smackfu 13y ago
  I mean, a much more common way to do this is something like "has informed the company of his intention to retire as soon as a successor is announced." Or "announced he will retire at the end of the year and that the company’s board of directors has approved the promotion of X to CEO." Throwing a deadline in there is just odd.
  - RougeFemme 13y ago
    It may be more common, but I think that if it's stated the first way, it seems less planned and deliberate and it's more likely to rattle the market - or at the very least, send the media off looking for nefarious, non-business-related reasons for the retirement. It's almost as bad as suddenly retiring to "spend more time with the family".
uptown 13y ago
That they see 12 months as a safe timeline for transition (I'm sure the board already has a short-list), but if they place a CEO in that role before then, and the transition is complete, then Steve will leave early.
- gregd 13y ago
  I'm guessing the CEOs don't generally make announcements like this, unless a successor is already lined up. 12 months is probably just a guideline for transitioning to the new CEO.
  - uptown 13y ago
    Possible - but the official statement indicates that no decision has been made. "The Board of Directors has appointed a special committee to direct the process. [...] The special committee is working with Heidrick & Struggles International Inc., a leading executive recruiting firm, and will consider both external and internal candidates."

If you think about it, what does the "within 12 months" part even mean? Like, if the deadline hits, they'll just take whoever they can get?

by smackfu 13y ago

If you think about it, what does the "within 12 months" part even mean? Like, if the deadline hits, they'll just take whoever they can get?

chollida1 13y ago

> If you think about it, what does the "within 12 months" part even mean? I'm not sure what part about that is confusing. In case you are ESL it means that Ballmer will retire before one year has elapsed. > Like, if the deadline hits, they'll just take whoever they can get? Running one of the largest, profitable and most prestigious companies in the world is a pretty good job. I'm pretty certain that there will be no shortage of qualified people willing to become the CEO:) No one makes an announcement like this without planning ahead, they've already got either a new CEO or a very short list of people who they've already vetted.

smackfu 13y ago
I mean, a much more common way to do this is something like "has informed the company of his intention to retire as soon as a successor is announced." Or "announced he will retire at the end of the year and that the company’s board of directors has approved the promotion of X to CEO." Throwing a deadline in there is just odd.
- RougeFemme 13y ago
  It may be more common, but I think that if it's stated the first way, it seems less planned and deliberate and it's more likely to rattle the market - or at the very least, send the media off looking for nefarious, non-business-related reasons for the retirement. It's almost as bad as suddenly retiring to "spend more time with the family".

uptown 13y ago

That they see 12 months as a safe timeline for transition (I'm sure the board already has a short-list), but if they place a CEO in that role before then, and the transition is complete, then Steve will leave early.

gregd 13y ago
I'm guessing the CEOs don't generally make announcements like this, unless a successor is already lined up. 12 months is probably just a guideline for transitioning to the new CEO.
- uptown 13y ago
  Possible - but the official statement indicates that no decision has been made. "The Board of Directors has appointed a special committee to direct the process. [...] The special committee is working with Heidrick & Struggles International Inc., a leading executive recruiting firm, and will consider both external and internal candidates."