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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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The Monarch's Departure

The Monarch's Departure

Chapter:
(p.80) 6 The Monarch's Departure
Source:
The Hero’s Farewell
Author(s):

Jeffrey Sonnenfeld

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195065831.003.0006

Monarchs do not leave the office until they are decisively forced out through death or through an internal palace revolt. This palace revolt may be in the form of ultimatums, the resignations of top officers, or the action of the board of directors. By looking at a specific monarch this chapter argues that one can infer the characteristics that distinguish monarchs from other types of retiring chief executives. Thus, in the examination of Bruce Henderson from the Boston Consulting Group, five common themes or characteristics of monarchs' exit emerged. Further, several examples of corporate monarchs are reviewed to provide a wide spectrum of executive profiles that challenge the simplicity of several common misconceptions—including the common assumption that all monarchs are male.

Keywords:   corporate monarchs, chief executive, palace revolt, Bruce Henderson, Boston Consulting Group, monarchs' exit, monarchs

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