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The Hero’s FarewellWhat Happens When CEOs Retire$
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Jeffrey Sonnenfeld

Print publication date: 1991

Print ISBN-13: 9780195065831

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780195065831.001.0001

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Executive Retirement and the Parade of Future Leaders

Executive Retirement and the Parade of Future Leaders

Chapter:
(p.30) 3 Executive Retirement and the Parade of Future Leaders
Source:
The Hero’s Farewell
Author(s):

Jeffrey Sonnenfeld

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195065831.003.0003

The chief executives' characteristic drive to excel and continually to reach new heights makes it hard for them to contemplate retirement. These people enjoy their work, feel they have much to offer, and often reset their goals for even greater accomplishments as they age. As top leaders face a decision on retirement, conflicts and tensions arise within themselves and with others in their organizations. The different tensions that arise in corporate leaders as they face the end of their careers such as tensions about loss of status, tensions between departing leaders and their successors, and tensions between leaders and their constituencies beyond the organization are examined in this chapter.

Keywords:   chief executives, organizations, corporate leaders, loss of status, departing leaders, constituencies, retirement

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