A Leadership Test
Leaders are judged on how they deal with their most significant challenges.
As American Express CEO Ken Chenault said on the cover of the November, 2007 Fortune, “We have to remember that reputations are won or lost in a crisis.”
Each year the consulting firm Booz & Company studies CEO turnover among the 2,500 largest public companies in the world. Their report, published in Booz’ online magazine Strategy+Business, is worth reading, and provides not merely statistical data and trends, but also insights into the particular leadership challenges facing CEOs today.
The 2008 CEO Succession Survey, published this month, concludes that the financial and economic meltdown that began in the last third of last year is still causing CEO turmoil. Forced CEO turnover remained high in 2008, but those CEOs who kept their jobs aren’t out of the woods yet: Read more