There
was a time when CEOs of major corporations grew into their jobs from
the lower corporate ranks, arriving at the top spot in their late 50s
or so. Retirement age was at 65, as a rule.
These days the paths involved usually differ. Many top executives fail to stick around that long. Change is the new corporate mantra. CEOs are being treated more like sports coaches who are dropped after one losing season.
It’s an unfortunate management error. Large companies cannot be turned around to suit monthly business conditions, the same way big boats can’t make U-turns in minutes. The idea that this is expected does not speak well for business experts and the media. which egg on such change in proverbial mid-stream. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter)
These days the paths involved usually differ. Many top executives fail to stick around that long. Change is the new corporate mantra. CEOs are being treated more like sports coaches who are dropped after one losing season.
It’s an unfortunate management error. Large companies cannot be turned around to suit monthly business conditions, the same way big boats can’t make U-turns in minutes. The idea that this is expected does not speak well for business experts and the media. which egg on such change in proverbial mid-stream. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter)
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