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Hero's Farewell : What Happens When CEOs Retire by Jeffrey Sonnenfeld (1988, Hardcover)

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The Hero's Farewell: What Happens When CEOs Retire

About this product

Product Identifiers

PublisherOxford University Press, Incorporated

ISBN-100195050916

ISBN-139780195050912

eBay Product ID (ePID)58139

Product Key Features

Book TitleHero's Farewell : What Happens When Ceos Retire

Number of Pages336 Pages

LanguageEnglish

TopicCorporate Governance, General

Publication Year1988

IllustratorYes

GenreBusiness & Economics

AuthorJeffrey Sonnenfeld

FormatHardcover

Dimensions

Item Height1.2 in

Item Weight25 oz

Item Length9.5 in

Item Width6.4 in

Additional Product Features

Intended AudienceTrade

LCCN88-001542

TitleLeadingThe

Reviews"Fascinating....I'm sure the book will be a great success."--Alfred G.Goldstein, President, Sears Specialty Retailing, "An insightful and imaginative book exploring an important but hidden side of leadership....Sonnenfeld's in-depth account is a model analysis of how the human and strategic sides of business are connected."--Rosabeth Moss Kanter, Harvard Business School, "A fine piece of work and beautiful writing. It's well-crafted, very solid in terms of theory, literature, and original data, and written with much heart."--Douglas T. Hall, Boston University, "An insightful and imaginative book exploring an important but hidden sideof leadership....Sonnenfeld's in-depth account is a model analysis of how thehuman and strategic sides of business are connected."--Rosabeth Moss Kanter,Harvard Business School, "A creative, innovative work--an act of leadership in itself."--James MacGregor Burns, Williams College, "Fascinating....I'm sure the book will be a great success."--Alfred G. Goldstein, President, Sears Specialty Retailing, "Entertaining...full of intriguing and insightful tidbits....One of those rare business books that informs as well as engages."--Business Week, "A creative, innovative work--an act of leadership in itself."--JamesMacGregor Burns, Williams College, "Entertaining...full of intriguing and insightful tidbits....One of thoserare business books that informs as well as engages."--Business Week, "A fine piece of work and beautiful writing. It's well-crafted, verysolid in terms of theory, literature, and original data, and written with muchheart."--Douglas T. Hall, Boston University

Dewey Edition19

Dewey Decimal658.4

SynopsisHow a business replaces its chief executive is a vital issue for the firm's future. Unless the transfer of power is managed effectively, the business may be thrown into turmoil--with profound implications not only for the CEO, but also for the other employees, the shareholders, and sometimes even the industry as a whole. Yet not enough is known about this crucial moment in the history of a company. ___Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, The Hero's Farewell describes in rich detail the factors that affect executive succession, focusing for the first time on the critical role a CEO's departure style plays in helping or hindering the transfer of power. Sonnenfeld has obtained candid interviews with fifty prominent retired chief executives from corporations such as ATandT, Ford, Dupont, United Technologies, and Raytheon (including Edwin Land of Polaroid, David Rockefeller of Chase Manhattan, and Tom Watson, Jr. of IBM). Through these interviews and a survey of an additional 300 top managers, he identifies the four major types of leadership departure styles: Monarchs, who choose not to leave voluntarily but either die in office or are overthrown; Generals, who leave reluctantly and spend their retirement planning a comeback; Ambassadors, who retain close ties with their former firms; and Governors, who willingly serve a limited term and leave to pursue new interests. Understanding how these leadership styles affect the transition process can enable both CEOs and their firms to better prepare for the changes to come. ___Executive successions are rarely easy, especially today when, as the author points out, many of our business leaders have become heroes. These heroes are often unwilling to surrender control of a firm to which they have dedicated their lives. Retirement deprives them of a clear sense of purpose and indeed, for many, it is equated with abdication of responsibility and even death. Yet some retiring leaders exit constructively, starting new lives for themselves and leaving behind a firm that is capably managed. ___Capturing the human drama of these departures and succession battles, The Hero's Farewell will fascinate anyone intrigued by power struggles in large corporations. More important, in outlining the ways to smooth out the inevitable transfers of power that corporations must face, it provides essential information for all top executives and especially for CEOs., How a business replaces its chief executive is a vital issue for the firm's future. Unless the transfer of power is managed effectively, the business may be thrown into turmoil--with profound implications not only for the CEO, but also for the other employees, the shareholders, and sometimes even the industry as a whole. Yet not enough is known about this crucial moment in the history of a company. ___Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, The Hero's Farewell describes in rich detail the factors that affect executive succession, focusing for the first time on the critical role a CEO's departure style plays in helping or hindering the transfer of power. Sonnenfeld has obtained candid interviews with fifty prominent retired chief executives from corporations such as AT&T, Ford, Dupont, United Technologies, and Raytheon (including Edwin Land of Polaroid, David Rockefeller of Chase Manhattan, and Tom Watson, Jr. of IBM). Through these interviews and a survey of an additional 300 top managers, he identifies the four major types of leadership departure styles: Monarchs , who choose not to leave voluntarily but either die in office or are overthrown; Generals , who leave reluctantly and spend their retirement planning a comeback; Ambassadors , who retain close ties with their former firms; and Governors , who willingly serve a limited term and leave to pursue new interests. Understanding how these leadership styles affect the transition process can enable both CEOs and their firms to better prepare for the changes to come. ___Executive successions are rarely easy, especially today when, as the author points out, many of our business leaders have become heroes. These heroes are often unwilling to surrender control of a firm to which they have dedicated their lives. Retirement deprives them of a clear sense of purpose and indeed, for many, it is equated with abdication of responsibility and even death. Yet some retiring leaders exit constructively, starting new lives for themselves and leaving behind a firm that is capably managed. ___Capturing the human drama of these departures and succession battles, The Hero's Farewell will fascinate anyone intrigued by power struggles in large corporations. More important, in outlining the ways to smooth out the inevitable transfers of power that corporations must face, it provides essential information for all top executives and especially for CEOs., How a business replaces its chief executive is a vital issue for the firm's future. Unless the transfer of power is managed effectively, the business may be thrown into turmoil--with profound implications not only for the CEO, but also for the other employees, the shareholders, and sometimes even the industry as a whole. Yet not enough is known about this crucial moment in the history of a company. ___Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, The Hero's Farewell describes in rich detail the factors that affect executive succession, focusing for the first time on the critical role a CEO's departure style plays in helping or hindering the transfer of power. Sonnenfeld has obtained candid interviews with fifty prominent retired chief executives from corporations such as AT&T, Ford, Dupont, United Technologies, and Raytheon (including Edwin Land of Polaroid, David Rockefeller of Chase Manhattan, and Tom Watson, Jr. of IBM). Through these interviews and a survey of an additional 300 top managers, he identifies the four major types of leadership departure styles: Monarchs, who choose not to leave voluntarily but either die in office or are overthrown; Generals, who leave reluctantly and spend their retirement planning a comeback; Ambassadors, who retain close ties with their former firms; and Governors, who willingly serve a limited term and leave to pursue new interests. Understanding how these leadership styles affect the transition process can enable both CEOs and their firms to better prepare for the changes to come. ___Executive successions are rarely easy, especially today when, as the author points out, many of our business leaders have become heroes. These heroes are often unwilling to surrender control of a firm to which they have dedicated their lives. Retirement deprives them of a clear sense of purpose and indeed, for many, it is equated with abdication of responsibility and even death. Yet some retiring leaders exit constructively, starting new lives for themselves and leaving behind a firm that is capably managed. ___Capturing the human drama of these departures and succession battles, The Hero's Farewell will fascinate anyone intrigued by power struggles in large corporations. More important, in outlining the ways to smooth out the inevitable transfers of power that corporations must face, it provides essential information for all top executives and especially for CEOs., Filled with inside stories from corporate boardrooms, The Hero's Farewell provides a fresh conceptual approach to executive succession, focusing for the first time on the critical role a CEO's departure style plays in helping or hindering the transfer of power. Sonnenfeld has obtained candid interviews with fifty prominent retired chief executives (including Edwin Land, David Rockefeller, and Tom Watson, Jr.). Through these interviews and a survey of an additional 300 top managers, he identifies four types of leadership departure styles--Monarchs, Generals, Ambassadors, and Governors--and shows how an understanding of these styles can enable both CEOs and their firms to prepare more effectively for the inevitable transfers of power. This groundbreaking volume provides essential information for all top executives (especially CEOs), and students and researchers interested in leadership and executive succession.

LC Classification NumberHD38.25.U6S66 1988