Fire the CEO!
Lear, Robert W., Chief Executive (U.S.)
In professional sports these days, whenever a football, basketball, or baseball team has a bad season, the owners fire the guy in charge. Last year, it was a quick goodbye to coaches and managers like Ray Rhodes of the Philadelphia Eagles and Mike Hargrove of the Cleveland Indians. A few of these firees were old practitioners, but others were given no more than one season to perform. It is a harsh, make-it-or-break-it life.
Business corporations are beginning to behave in much the same way. Things go awry, the company misses its targets, the stock falls-and so does the CEO. In the last few months, the sound of CEOs crashing has filled the air.
It's not just CEOs and …
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Publication information:
Article title: Fire the CEO!.
Contributors: Lear, Robert W. - Author.
Magazine title: Chief Executive (U.S.).
Issue: 153
Publication date: March 2000.
Page number: 12.
© 1999 Chief Executive Publishing.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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