Commentary: From White House to Disney, successions are a killer problem

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Commentary: From White House to Disney, successions are a killer problem - Channel News Asia

Quick Summary:

The botched Biden-Harris handover offers sharp reminders for how not to handle one of the corporate world’s biggest challenges, says Adrian Wooldridge for Bloomberg Opinion.

They give the example of David Cote, who, as CEO of Honeywell International for 15 years, “achieved one of the most impressive turnarounds of any CEO in the twenty-first century,” fixing a company that was widely deemed to be “unfixable” and increasing its share price by 245 per cent.

Leo Apotheker was fired after 11 months as CEO of Hewlett Packard (with a golden parachute of US$7.2 million in cash and US$18 million in company stock) and Bob Chapek was fired after “three years of hell” as CEO of Disney.