How important is succession planning for the CEO? Just look at Microsoft
The Board of Directors of Microsoft have announced that they don't have a successor for Balmer, and instead are starting with a slate of over 100 potential candidates. As a result, the Board (in a very rare move) communicated that they will likely solve the gap by early 2014.
Looking at Microsoft stock (and based on the boards announcement) - the stock is initially down 1%. However, it will be interesting to see how much lower it goes in Jan.
Source: http://online.wsj.com/news/articles/SB10001424052702304858104579264422771653250
The Board of Directors of Microsoft have announced that they don't have a successor for Balmer, and instead are starting with a slate of over 100 potential candidates. As a result, the Board (in a very rare move) communicated that they will likely solve the gap by early 2014.
Looking at Microsoft stock (and based on the boards announcement) - the stock is initially down 1%. However, it will be interesting to see how much lower it goes in Jan.
Source: http://online.wsj.com/news/articles/SB10001424052702304858104579264422771653250
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