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The Hero’s Farewell – What Happens When CEOs Retire | Oxford Scholarship Online
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The Hero’s Farewell: What Happens When CEOs Retire

Jeffrey Sonnenfeld

Abstract

The Marxist prediction that capitalist bureaucracy must inevitably neutralize individualistic leadership in industry, has been disproved over and over by the careers of industrial “superstars” from Andrew Carnegie to Henry Ford, Lee Iacocca, Estee Lauder, and David Rockefeller–all of whom could be described as having made their own personal stamp on their respective businesses. How a business replaces its chief executive often determines that firm's future. If a business does not effectively manage the transfer of power, utter turmoil can result, with profound implications not only for the CEO ... More

Keywords: Marxist, capitalist, business, chief executive, power, CEO, succession, personality

Bibliographic Information

Print publication date: 1991 Print ISBN-13: 9780195065831
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780195065831.001.0001

Authors

Affiliations are at time of print publication.

Jeffrey Sonnenfeld, author
Harvard University