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.
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