Expiration Date for CEOs?


“I sometimes wonder if it would make sense for companies to set formal 7 to 10 year “term limits” on their Chief Executive Officers. Doing so would have several advantages:

  1. For every genius forced out, there would be far more executives who reached their peak performance years before the departure date. The term limit would be the board’s safety net, permitting an exit without rancor”.

Michael Wade in Term Limits for CEOs?

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