John F. Budd Jr. is the founder and chairman of The Omega Group and the editor of “Observations,” a newsletter that presents “corporate policy perspectives on the news within-the-news.” Reach at him at jfbuddjr@aol.com.
As rare as finding a marble-sized pearl in an ordinary looking oyster, a new book offers career-saving advice that demands only the discipline of willpower and a dollop of introspection.
Time and again we witness the de-canonization of iconic CEOs for hubristic behavior as much as for financial recklessness. Yet the issue is never examined at the board level before an ultimate decision has to be made and the CEO departs.