
""CEOs often hesitate to bring [succession] up to the board. They don't want to lose their standing, and so we end up at a standstill," Bargmann said."
""the cost is very high at that stage.""
""Successful CEOs now need to be part-diplomat, part-strategist, tech fluent, and an incredible people leader, Levy said.""
Only one in four companies prioritize CEO succession planning, despite frequent CEO departures and forced exits. CEO transitions occur more often at struggling firms; 42% of last year’s S&P 500 CEO changes were at companies in the bottom quartile for total shareholder return. CEOs often resist raising succession with boards for fear of losing standing, which creates costly standstills when resignations or crises occur. Boards are becoming more proactive but progress remains incomplete. Successful future CEOs must combine operational expertise with diplomacy, strategy, tech fluency, and strong people leadership.
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