CEOs In and CEOs Out

December 13, 2010

CEOs In and CEOs Out

I was sent a column today that recently appeared in BloombergBusinessWeek on the CEO revolving door. It is worth reading because the author, CEO Kevin Kelly of Heidrick & Struggles, argues that perhaps we are giving CEOs too little time to accomplish too much. We expect miracles in the first 100 days and if that is not long enough, we say we will give them another 100 days. By the end of year one, we expect these new CEOs to be turning around the share price, keynoting at Davos and chiseling their strategy into stone tablets. I was just thinking the same because this weekend I read articles about two CEOs’ performance on their first year anniversaries. The two CEOs barely got credit for what they had accomplished. It takes CEOs at least two years to hit their stride, crisis or not. Of course, if they are not working out, it is time for the boot but lets admit it, most incoming CEOs take about one year to change what was not going right in the first place. From months 12 to 24 or 36 months, the best of the rest starts to take hold.
That’s my two cents for the day.

Share this article: Share on LinkedInTweet about this on TwitterShare on FacebookEmail this to someone
Leslie Gaines-Ross
Leslie Gaines-Ross
lesliegainesross@gmail.com

As Weber Shandwick’s Chief Reputation Strategist, I focus on the ever changing world of reputation. For the past 25 years, I have relentlessly observed, researched and commented on the rise and fall of reputations.

No Comments

Post A Comment