Comments on: How many strikes before a tech CEO is out?
Sometimes it just takes one event, if it's big and hairy enough. But some CEOs swing and miss dozens of times for years on end, and they're still in the game.
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- by BoardExpert August 14, 2008 2:15 AM PDT
- A board should ensure that they have a CEO who in their opinion is the best qualified person to lead the company in its strategy. If, in spite of aparent set backs, the board thinks the CEO is still the best candidate then they should keep him or her. If they think the strategy would be more likely to succeed under a different leader then they should change the CEO. If they think the strategy should change then they need to decide if they want to entrust the current CEO with developing a new strategy or if they want a new CEO.
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(3 Comments)It is impossible for an outsider to see which of these four choices a board is making (although if the CEO goes or stays at least some aspects of the choice are clear).
If anyone has a real doubt that the board is making one of these choices responsibly (i.e. if they suspect malfeasance) then they should raise the issue with the corporate regulators and provide them with proof. If anyone wants to change things they should stand for election to the board. And if anyone just wants to gossip; I guess a blog post is as good a methodology as any other!