the ceo magazine, succession plan,
Tracy Benson, CEO, On the Same Page

Few quarterbacks enter their rookie season as the Dallas Cowboys’ Dak Prescott has this year – with the explicit support and mentoring from team’s reigning all-star Tony Romo, on the DL since the start of the season. Last week, the corporate world witnessed its very own parallel. Howard Schultz, Starbucks’ visionary leader and current Chief Executive, announced that he will relinquish that role to his carefully groomed successor Kevin Johnson in April.

the ceo magazine, strategy,

In Henry IV Part 1, Owen Glendover, the leader of the Welsh rebels joins the insurrection against King Henry. Glendower, a man steeped in the traditional lore of Wales, claims to command great magic. Therefore, mysterious and superstitious, he sometimes acts in response to prophecies and omens. In the play, Glendover boasts to Hotspur, “I can call the spirits from the vastly deep.” Hotspur deflates Gelendover with, “Why, so can I or so can any man; But will they come when you call them?”

the ceo magazine, succession planning
Mark Doyle, Partner, Tredway Lumsdaine & Doyle LLP

Communication is key when building a lasting business strategy. CEOs know this to be true, and the most successful among them will establish a clear, concise and compelling plan to accomplish their goals. Once those goals are met however, it is surprising how many business leaders drop the ball when building – and communicating – an effective succession plan.

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