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Firing the CEO

By mwelch January 24, 07 09:58 AM

Source: BusinessWeek

Greater board accountability is leading to a higher rate of CEO turnover. And boards of directors faced with firing a CEO must first come to terms with their own attachments. Some directors have friendships with the CEO. Others identify with him/her, as CEOs themselves. Some can't admit they might have been mistaken when they supported (or even hired) him/her. Kerry J. Sulkowicz, M.D., a psychoanalyst and advisor to executives on psychological aspects of business says "it can take months of moving through denial, guilt, and anxiety before there's agreement that the boss has to go." While the ordeal is emotionally draining, get through it and be liberated.

Related:
Boardroom brain drain
Recipe for a good board
The art of the board

http://www.businessweek.com/magazine/content/07_05/b4019021.htm

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