A new CEO takes over a business unit and is given 3 numbered envelopes by their predecessor. The envelopes contain messages to be opened when things go poorly. The first envelope says “Blame your predecessor,” which the manager uses to deflect criticism and buy time. The second envelope says “Reorganise,” which the manager uses to make changes and try to improve the situation. Finally, the third envelope says “Prepare three envelopes,”
The board is also a problem. They are often made up of people that have no knowledge in the industries of these corporations and hire CEOs that have no knowledge of the industry.
A very reasonable and sensible article; however the main issue as I see it was only briefly touched on - control, and power - heady indeed and highly addictive. Many never want to give that up, particularly men (the video was highly female centric, possibly for good reason). In addition, for the biggest companies, political influence - not just organisationally, but nationally - is a key factor which wasn't mentioned at all. I used to work with HR systems and one aspect never used by any company, though available, was succession planning. If this isn't followed generally within organisations, it's barely surprising it's not planned for at the highest levels.
That's simply not how golden parachutes work and not everyone has one. It's intended to make a boss unfireable by forcing the company to pay massive severance in the even of firing the employee. Companies are ok with it because it allows them to pay the executives a lot less. What you're really thinking about is how a lot of bosses are paid in stock options which SEVERELY incentivizes short term growth regardless of profitability. Boeing's problem was that management had mostly admin degrees and/or were diversity hires and they knew nothing about airplanes. New CEO is an engie, though
It feels like a golden parachute is the objective in today's revolving doors of CEO's. Accountability is too short term for them to care about anything but an exit plan and a parachute.
I like that she said, " You've got to be really committed to give feedback go your boss' boss." Very true. It doesn't only take courage, but you gotta be ready to let go because the top guy might ended up disliking you because he thinks you are disrupting thing.
It’s really not a puzzle or mystery to resolve this issue. America is and the media has been very patronizing, also I live how they act like we can’t read. We understand what’s Happening.
CEOs are like those at United Healthcare making a worse product/service charging more because you have a monopoly like product where no one can go to your competition or if they can. The competition is doing the same thing and paying their employees less and less every year so they can get more money and then also Dodge taxes making public services fall from being under funded Welcome to modern Rome
All companies should create an external administered survey for management and employees to provide feedback to senior leadership in a tiered survey method. The external agency will compile the feedback. That feedback should be used to create a 9 box succession grid.
The average tenure m of a CEO is five years Can we conclude that one of every five companies changes CEOs every year? No, we cannot conclude that one out of every five companies changes CEOs every year based solely on the information that the average tenure of a CEO is five years. Here’s why: 1. Average vs. Distribution: The average tenure (mean) does not provide information about the distribution of CEO tenures. Some CEOs may serve for much less than five years, while others may serve for much longer. The average does not imply uniformity in turnover. 2. Turnover Rate: For the claim that one in five companies changes CEOs each year, a constant annual turnover rate of 20% would need to hold across all companies. The average tenure of five years does not guarantee this. 3. Example: Imagine a group of companies where 80% of CEOs stay for exactly 5 years and 20% are replaced annually. The average tenure is still 5 years, but the actual turnover pattern is not as simple as “one in five every year.” To conclude that “one in every five companies changes CEOs every year,” we would need additional data about the distribution and frequency of CEO replacements, not just the average tenure.
Interviewing senior leaders on how they make work better for everyone. Woe betide you interview staff at all levels on how their CEO really affects their working conditions.
Create a Monster & the problems will be monstrous. Disney; case in point. And whilst you analyse CEOs' primary accountability, consider the Americanisation of quarterly accounting & the effect that has on long-term productivity.
Great insights on the challenges of CEO succession planning! 🌟 It's intriguing how businesses can overlook such a critical strategy. Could it be that factors like the company culture or a lack of foresight play a role in this? 🤔 This podcast really sheds light on essential issues. Looking forward to learning more about potential solutions. Thanks for sharing! 📈
Many CEOs have to follow whatever stockholders consider a good plan. In another words what is good for the next quarter is not necessarily good for the long-term heading of the company.
America is known for having a such a significant gap in these increase. All of this is a choice. Ira not a runic cube mystery. When you allow bad behavior and make excuses …
O que é mais importante ... é ter sucesso ou ser bem-sucedido?! Goldman Sachs?! Será este o melhor exemplo para um CEO?! Até me lembro de alguém dizer desta empresa "o papel de Deus na Terra" , sim lidam muito com grumetes e alguns não lidam bem com o submundo da finança!! Estamos num mundo sem tempo ...e tudo gira em volta de resultados e pressão lucros rápidos!! Ser CEO tem segredos e mistérios?! A linha de pensamento que o sucesso tras dinheiro e consequentemente felicidade!! Parece que estamos a criar tiranos em vez de líderes?! A distinção entre preço e valor?!É preciso perceber que, afinal, tanto stress. não olhar a meios para atingir os fins ficarem sós e vazios, o esforço em vão é um disparate!, não é?!
You know if you want all your employees to be able to voice their actual opinions and not hide them or sugar coat them then you worker cooperatives would be far more effective by this one measure. Worker coooeratives have proben to be more stable than privatised firms, some of the oldest businesses are worker cooperatives but you don't want this because it makes YOU less money
All the politics and egos alone are enough to put off many people, just the vibe in that room with the presenter was enough to bring back 'corporate' memories. Ugh.
It does make sense. If you had only 5 companies each with a CEO that lasts 5 years and their tenures are perfectly distributed then every year there would be a change in leadership at one company. Or am I missing something here?
CEO that was not the company founder is one of the most useless position in company.😂 All they did was sat in their office,comes in only few times in a weeks or months and demand meeting,takes idea and walla they get all the credits😂😂😂
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable. Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Being in the discord and starting trading is literally changing my life. I'm starting witha small $2,000 account but I got it up to $19,600 in one week! Not a lot of money but that's a big growth for me.🎉🎉
Hello, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please can you advise on how to go about this?
A new CEO takes over a business unit and is given 3 numbered envelopes by their predecessor. The envelopes contain messages to be opened when things go poorly. The first envelope says “Blame your predecessor,” which the manager uses to deflect criticism and buy time. The second envelope says “Reorganise,” which the manager uses to make changes and try to improve the situation. Finally, the third envelope says “Prepare three envelopes,”
That could be written as “Prime Minister”.
😂😂
🤧📃
There's an episode of it crowd that had a gun in a drawer 😂
The board is also a problem. They are often made up of people that have no knowledge in the industries of these corporations and hire CEOs that have no knowledge of the industry.
A very reasonable and sensible article; however the main issue as I see it was only briefly touched on - control, and power - heady indeed and highly addictive. Many never want to give that up, particularly men (the video was highly female centric, possibly for good reason). In addition, for the biggest companies, political influence - not just organisationally, but nationally - is a key factor which wasn't mentioned at all.
I used to work with HR systems and one aspect never used by any company, though available, was succession planning. If this isn't followed generally within organisations, it's barely surprising it's not planned for at the highest levels.
The real problem is golden parachutes for terrible CEOs who hurt the company like Boeings ex CEO.
That's simply not how golden parachutes work and not everyone has one. It's intended to make a boss unfireable by forcing the company to pay massive severance in the even of firing the employee. Companies are ok with it because it allows them to pay the executives a lot less. What you're really thinking about is how a lot of bosses are paid in stock options which SEVERELY incentivizes short term growth regardless of profitability. Boeing's problem was that management had mostly admin degrees and/or were diversity hires and they knew nothing about airplanes. New CEO is an engie, though
It feels like a golden parachute is the objective in today's revolving doors of CEO's. Accountability is too short term for them to care about anything but an exit plan and a parachute.
@korbindallas4552 you know most execs don't get those severances and for obvious reasons trash companies have high executive turnovr, right?
Defining what work is, is the essential priority to determine how to spend time. In a working world we are all consumers, entertain or be entertained.
Luigi had the gameplan
That is a terroristic threat. Delete it.
@@samsonsoturian6013 I’m talking about the plot to super Mario bros 3. Relax bro. What you talking about
@@grega8875Luigi should get a lot more credit than Mario, lol
@@samsonsoturian6013 hey man, we're just using historical precedent to discuss CEO succession plans. See "the French revolution"
He saved the world from Bowser
Rule number one : never involve the incumbent CEO in the succession planning process. They usually are the worst qualified person for this task.
Nepotism is good for business. Get over it.
I like that she said, " You've got to be really committed to give feedback go your boss' boss."
Very true. It doesn't only take courage, but you gotta be ready to let go because the top guy might ended up disliking you because he thinks you are disrupting thing.
Great video, this is really big problem for business around the world, stepping as replacement for CEO always brings just such a high expectations
Luigi movement will sort it out 💪💪
It’s really not a puzzle or mystery to resolve this issue.
America is and the media has been very patronizing, also I live how they act like we can’t read. We understand what’s
Happening.
Nothing is happening. Economics TH-camrs haven't had much to talk about this year
CEOs are like those at United Healthcare
making a worse product/service charging more because you have a monopoly like product where no one can go to your competition or if they can. The competition is doing the same thing and paying their employees less and less every year so they can get more money and then also Dodge taxes making public services fall from being under funded
Welcome to modern Rome
Speaks volumes about how long Buffett and munger had been preparing their succession of brkb
All companies should create an external administered survey for management and employees to provide feedback to senior leadership in a tiered survey method. The external agency will compile the feedback. That feedback should be used to create a 9 box succession grid.
Co CEO is a great method however, it is important that visions and foundational leadership principles are aligned.
The average tenure m of a CEO is five years
Can we conclude that one of every five companies changes CEOs every year?
No, we cannot conclude that one out of every five companies changes CEOs every year based solely on the information that the average tenure of a CEO is five years. Here’s why:
1. Average vs. Distribution: The average tenure (mean) does not provide information about the distribution of CEO tenures. Some CEOs may serve for much less than five years, while others may serve for much longer. The average does not imply uniformity in turnover.
2. Turnover Rate: For the claim that one in five companies changes CEOs each year, a constant annual turnover rate of 20% would need to hold across all companies. The average tenure of five years does not guarantee this.
3. Example: Imagine a group of companies where 80% of CEOs stay for exactly 5 years and 20% are replaced annually. The average tenure is still 5 years, but the actual turnover pattern is not as simple as “one in five every year.”
To conclude that “one in every five companies changes CEOs every year,” we would need additional data about the distribution and frequency of CEO replacements, not just the average tenure.
Hello everyone, happy new year. Thank you for your work this year, it was very efficient and promising. Hugs here from Brazil. Congratulations.🇧🇷💐👋
Is this a Golden Sachs marketing commercial?
And now there is a 'Luigi' problem too...
You mean solution 😂😂
@@jermainec2462 Yes ;)
Interviewing senior leaders on how they make work better for everyone. Woe betide you interview staff at all levels on how their CEO really affects their working conditions.
Luigi is the main reason why this video is on TH-cam right now
And them diddy parties
Create a Monster & the problems will be monstrous. Disney; case in point. And whilst you analyse CEOs' primary accountability, consider the Americanisation of quarterly accounting & the effect that has on long-term productivity.
Word salad
Great insights on the challenges of CEO succession planning! 🌟 It's intriguing how businesses can overlook such a critical strategy. Could it be that factors like the company culture or a lack of foresight play a role in this? 🤔 This podcast really sheds light on essential issues. Looking forward to learning more about potential solutions. Thanks for sharing! 📈
Keep it coming please
Some CEOs have wrecked firms and still leave with a very comfortable financial exit.
really good one
Good sign! If they are walking out.
This was good 🔥
Many CEOs have to follow whatever stockholders consider a good plan. In another words what is good for the next quarter is not necessarily good for the long-term heading of the company.
@9:55-10:18
I could've told _you_ that.
...is all I'm going to say _'cos ain't nobody got_ time for the rest of it...
Here thinking about Manchester united's succession plan and how it was terrible
How does this vary by country / region?
America is known for having a such a significant gap in these increase.
All of this is a choice. Ira not a runic cube mystery.
When you allow bad behavior and make excuses …
Logan Roy likes this video
"senior turnover is at an all time high"
Sounds like old people are dying at an all time high
From Goldman Sachs to Disney, it’s been a hot mess.
Isn't it really the shareholders' choice in the end?
Threatning Leonor succession?
Good.
Teach the King a lesson.
He will have to learn one day.
Wait, THAT is the CEO problem? hahahah I thought CEO's have a MUCH BIGGER PROBLEM. never mind.
if you can dodge a ball you can dodge a bullet
Frequently, the tiptop is arrogant, and refuses to hear the truth.
⭐️
O que é mais importante ... é ter sucesso ou ser bem-sucedido?! Goldman Sachs?! Será este o melhor exemplo para um CEO?! Até me lembro de alguém dizer desta empresa "o papel de Deus na Terra" , sim lidam muito com grumetes e alguns não lidam bem com o submundo da finança!! Estamos num mundo sem tempo ...e tudo gira em volta de resultados e pressão lucros rápidos!! Ser CEO tem segredos e mistérios?! A linha de pensamento que o sucesso tras dinheiro e consequentemente felicidade!! Parece que estamos a criar tiranos em vez de líderes?! A distinção entre preço e valor?!É preciso perceber que, afinal, tanto stress. não olhar a meios para atingir os fins ficarem sós e vazios, o esforço em vão é um disparate!, não é?!
You know if you want all your employees to be able to voice their actual opinions and not hide them or sugar coat them then you worker cooperatives would be far more effective by this one measure. Worker coooeratives have proben to be more stable than privatised firms, some of the oldest businesses are worker cooperatives but you don't want this because it makes YOU less money
CEOs leaving because of Mangione syndrom.
All the politics and egos alone are enough to put off many people, just the vibe in that room with the presenter was enough to bring back 'corporate' memories. Ugh.
Documentaries are insulting to the people
The board is also a problems
Muigi Langioni seems to know
They need to be Diddy party interns😅
6:40 the math aint mathing lol
That statement makes NO SENSE
It does make sense. If you had only 5 companies each with a CEO that lasts 5 years and their tenures are perfectly distributed then every year there would be a change in leadership at one company. Or am I missing something here?
CEO that was not the company founder is one of the most useless position in company.😂 All they did was sat in their office,comes in only few times in a weeks or months and demand meeting,takes idea and walla they get all the credits😂😂😂
Oooh. "That" CEO problem. Yeah never mind.
I thought they got de D³ warning
Oh my god it's so difficult for board members to do their basic jobs boohoo 😢
You'd never be able to do that job. Do you even know how to read SEC filings?
!!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated..
As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..
I don't really blame people who panic. Lack of
information can be a big hurdle. I've been
making more than $200k passively by just
investing through an advisor, and I don't have
to do much work. Inflation or no inflation, my
finances remain secure. So I really don't blame
people who panic.
Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.
how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??
Nepotism is good for business. Get over it.
Being in the discord and starting trading is literally changing my life. I'm starting witha small $2,000 account but I got it up to $19,600 in one week! Not a lot of money but that's a big growth for me.🎉🎉
Hello, how did you achieve such biweekly returns? I'm a newbie and I've lost a lot of money investing on my own. Please can you advise on how to go about this?
I've followed many traders over the years, but none have been as consistently accurate as Lisa Magret...She's truly in an inspiration to us all....
I think I'm blessed if not I wouldn't have met someone who is as spectacular as expert Lisa Magret....
Can't imagine earning $25k,
biweekly, God bless mrs Lisa
God bless America❤️
Same here the very first time we tried. We invested $1000 and after a week, we received $9500. That really helped us a lot to pay up our bills
just go with succession by inheritance. Make the son ceo after the retirement of father. Simpl