A lack of succession planning is bad for business. (2013)

“Allowing a corporate leader to overstay his or her useful time at the top is harmful. Some leaders can change, and develop an acquired personality disorder, after wielding power.

Stefan Stern, Financial Times writer

ft.com, 22 November 2013

Much damage can be done to a business, and much value destroyed, by the wrong chief executive. But allowing a corporate leader to overstay his or her useful time at the top is harmful too.

As David Owen, the politician and author, has shown in his work on “hubris syndrome”, some leaders can change, and develop what he regards as an acquired personality disorder, after wielding power.

Leaders may may form an exaggerated sense both of their competence and their indispensability – and then fail to detect much merit in anyone else around them.

Access the full article here: A lack of succession planning is bad for business.

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