CEO Succession
topic on 4 shows · 5 statements across 5 episodes
the Knowledge Project 
Masters of Scale 
Capital Allocators 
the a16z Podcast
5 statements about CEO Succession, every show
Nooyi: PepsiCo tracked 400 high-potential employees as 'corporate assets' for succession
“I think there's about three or 400 that were corporate assets, and one watched them all the time, because these are people who in 15 years could be CEO.”
Hale: ValueAct has participated in 27 CEO succession processes
“There have been 27 cases where we've been involved in CEO succession.”
Gil: Promoting operational lieutenants over product visionaries causes post-founder company decay
“Often the CEO will promote the person who's their compliment as the next CEO, instead of finding somebody like them who can innovate and push on people and drive new products and new changes.
And so often you see companies have a golden age under a founder and…”
Horowitz: Promoting an operational 'number two' to CEO is a trap
“The problem with that model is when you get to succession, that person does not have the qualifications to run it. And, you know, like people, it's hard to get people who are good at running the company enthusiastic about working for a person like that, becaus…”
Hoffman: Founders cannot simply hand authority to successor CEOs
“You can't just give it to them. It has to be a kind of a, not quite as direct as a relay baton, but because it's kind of like the relay baton, you're like, Putting it in the person's hand as fast as possible. It's like, but you're kind of going, you should wea…”