Magazine article Personnel Journal

Executives Die during Balkan Trade Mission: Are Succession Plans in Place at Home?

Magazine article Personnel Journal

Executives Die during Balkan Trade Mission: Are Succession Plans in Place at Home?

Article excerpt

Executives Die During Balkan Trade Mission: Are Succession Plans in Place at Home?

AMERICA AWOKE TO HEAR THE GRISLY NEWS ON APRIL 4 -that 35 people (including at least 12 U.S. executives) were killed in a plane crash along with Commerce Secretary Ron Brown while on a trade mission to help the Balkan nations and Croatia get back on their feet after years of war. According to news reports, the Air Force plane they were traveling in slammed into a storm-shrouded hillside near Dubrovnik, Croatia. Because world sources have planned an estimated $5.1 billion in assistance programs for Bosnia and Croatia, Brown wanted U.S. business to be first in that effort.

Although initial shock of the news swept throughout America and the business community, it hit closest to home for those companies that had CEOs on the plane.

While many U.S. executives and CEOs were thinking, "It could have been me," human resources professionals were thumping their heads wondering why they either haven't yet put succession plans into place, or if the ones they have will be sufficient if such a tragedy ever happens at their firms. …

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