Document Type
Report
Key Takeaways
Of 440 CEO succession events in the S&P 500 between 2001 and 2012, 59 involved predecessor CEOs who remained as board chair with a specific departure plan; 169 predecessor CEOs remained as board chair with no announced plan, and 212 predecessors departed immediately. • A CEO dismissal within three years is 2.42 times more likely if the predecessor CEO remains as board chair. • A new CEO’s public praise of the predecessor diminishes the negative effect of the predecessor remaining as board chair.
Publication Date
2019
Source
Yi, X., Zhang, Y.A., Windsor, D. (forthcoming). You are great and I am great (too): Examining new CEOs’ social influence behaviors during leadership transition. Academy of Management Journal, In Press.
Disciplines
Business
Copyright
© 2019, University of South Carolina
Publication Info
Yi, X., Zhang, Y.A., Windsor, D. (forthcoming). You are great and I am great (too): Examining new CEOs’ social influence behaviors during leadership transition. Academy of Management Journal, In Press., 2019.