Why a Loyal CEO Can Be Deadly
Having participated in hundreds of Alliance meetings, I’ve come to the conclusion that most all the groups talk tough about replacing underperforming executives. But why do the groups have to dispense this advice over and over again? And why are they so vehement about making changes quickly?
Chief executives who are loyal to their lieutenants can be the enemies of performance. Such CEOs have kept many a company from hitting its numbers and sunk more than a few. A company whose senior managers are coasting on long ago accomplishments is a company that isn’t firing on all cylinders.
Download the pdf (link above) to read the full article written by Robert Sher, and to read Alliance member's reactions to the story.