Succession planning - is it passe?

By Fred Pamenter
|Canadian HR Reporter|Last Updated: 05/14/2001

Over the last six months, a number of well-publicized chief executive failures have made CEO churning an issue.

Challenger, Gray and Christmas, a Chicago placement consulting firm, reports CEO turnover is at its highest level since the summer of 1999.

Given the number of disasters that have arisen in recent years when a corporate heir has been promoted to the top job after the CEO leaves, retires or drops dead from exhaustion, one has to ask the value of succession planning.