OpenAI · U.S. · New York · Fortune Technology
The BCG report found that after one year, 90% of CEOs were happy with how things went down
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But Barton says there’s one sure fix for having to lure a CEO back from retirement: Focus on building a robust internal pipeline now, long before your leader is ready to leave.
Key facts
- The U.K.’s FTSE 100 was down 0.05% in early trading
- Bank of America strategist Michael Hartnett on Tuesday said U.S. debt nearing $40 trillion and sustained Treasury issuance could keep yields elevated
- OpenAI data center deal with Nvidia comes in $145 billion lower than reported—signaling concerns of artificial demand for chips by Joshua Hong
- Exclusive: Accounting AI startup Rillet reaches unicorn status with $1 billion valuation
Summary
Phil Wahba writing from New York. New data published by Boston Consulting Group (BCG) in early August found that only 40% felt satisfied with their transition from hard-charging CEO to retiree in the first year after making the move. “Is the decision to get a new CEO job motivated by value creation where you know a unique skill that you bring that only you can do, or is it … more fear or vanity?” asks Christine Barton, leader of BCG’s North America CEO Advisory practice. It can be especially difficult for CEOs who are still relatively young, in their 50s and 60s, who want to stay in the mix. Here is something companies can help with: Helping CEOs prepare to leave.