How come Citigroup doesn’t have a solid succession plan?
Posted on November 6th, 2007 by Ivan
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It’s extremely easy to speak “after the fact”. But I have to get something off my chest: Isn’t an institution as large and respected as Citigroup supposed to have a solid succession plan? CEO Chuck Prince is no more, and there’s a big mess over who will take charge.
True leaders, or at least organizations, need succession plans. In fact, the creation of new leaders is one of the tasks that any true leader should take to heart. Surely Citi will turn out fine in the long run. But this short-term scramble wouldn’t have happened if there was a succession plan in place.
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