The Hero's Farewell: What Happens When CEOs Retire by Jeffrey SonnenfeldThe Hero's Farewell: What Happens When CEOs Retire by Jeffrey Sonnenfeld

The Hero's Farewell: What Happens When CEOs Retire

byJeffrey Sonnenfeld

Paperback | February 1, 1991

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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, but also for the other employees, the shareholders, and thecommunity at large. Filled with inside stories from corporate boardrooms and fresh conceptual perspectives, The Hero's Farewell describes in rich detail the factors that affect executive succession. Jeffrey Sonnenfeld offers the first close examination of the critical role a CEO's departure style plays inhelping, or hindering, the transfer of power. Through candid interviews with fifty prominent retired chief executives from corporations such as ATandT, Ford, Dupont, United Technologies, and Raytheon (David Rockefeller of Chase Manhattan and Thomas J. Watson, Jr. of IBM among them) and a survey ofan additional three hundred top managers, Sonnenfeld identifies the four major types of leadership departure styles. These types include Monarchs, who choose not to leave voluntarily but either die in office or are overthrown; Generals, who leave reluctantly and spend their retirement planning acomeback; Ambassadors, who retain close ties with their former firms; and Governors, who willingly serve a limited time and leave to pursue new interests. Capturing the human drama of these departures and succession battles, The Hero's Farewell will fascinate anyone intrigued by power struggles in large corporations. Outlining ways to smooth out the inevitable transfers of power that corporations must face, Sonnenfeld presents essentialinformation for all top executives and especially for CEOs.
Jeffery Sonnenfeld, a professor at the Harvard Business School for the past decade, is now Professor of Organization and Management and Director of the Center for Leadership and Career Change at Emory University. He has twice won the Academy of Management's annual award for outstanding research on social issues, and was named to their...
Title:The Hero's Farewell: What Happens When CEOs RetireFormat:PaperbackDimensions:336 pages, 5.31 × 7.99 × 0.67 inPublished:February 1, 1991Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0195065832

ISBN - 13:9780195065831

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From Our Editors

From interviews with prominent retired chief executives such as David Rockefeller and Tom Watson, Jr., the author describes the four major types of leadership departure styles--Monarchs, Generals, Ambassadors, and Governors--to help CEOs and their firms better prepare for changes to come.

Editorial Reviews

"This is a fascinating book, not least for what it has to say about the nature of leadership and the complex psychology of those who achieve it....A welcome change from the breathless simple-mindedness of so many of the management best-sellers of recent years."--Financial Times (London)