Ford: Private equity leadership succession must be a multi-year transition
Bill Ford · Bill Ford – General Atlantic (Manager Meetings, EP.03) · Jul 22, 2021 · at 29:46
General Atlantic Chairman and CEO Bill Ford outlines his principles on succession planning for alternative asset management firms.
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“In investing, and in particular, maybe in private equity, but I think beyond private equity, some of these transitions should be fairly long-term, and the reason being is that something like the Wallace Foundation, you entrust your capital to us for a decade, realistically, and you need to understand who you're entrusting your capital to, and I don't think it's right for a CEO to walk in the door and say, okay, I'm done on January one, see you later.”
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