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The 'Lingering CEO' Syndrome (Abstract)

The "Lingering CEO" Syndrome Citigroup's outgoing CEO is a great leader. His continued presence as chairman, however, will only cramp incoming CEO Chuck Prince's style. [Business Week: Daily Briefing]

A change of command, should really be a change in command. When a senior executive like a CEO to remain in place during an extended transition period it most likely causes conflict and strife. Who is really in charge, the old CEO now chairman, or the new CEO?

In the case where both CEO's are qualified individuals, the organization will split alliances. Any co-leadership creates friction in the command structure that overtime break down the companies ability to successfully compete. In the long run, all business relationships suffer under these conditions.

For the outgoing CEO:

For the new CEO:

/ applying-strategy | strategic-relations /

By Justin Hitt at July 19, 2003 1:46 PM  Subscribe in a reader

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