Four Years Remain

Here are some of the many ways successions may begin. “I want to retire by year’s end.” “Our first succession attempt failed.” “Our organization might be acquired. If so, I will step down.” “We’ve got to develop and strengthen the board before I consider moving on!” “I will work until I die. They’ll have to … Continue reading Four Years Remain

Blindside Transitions

We were going to build a lifeboat. The CEO and I knew our seven-store, high-end, retail jewelry chain was experiencing declining sales in the all-important Christmas season of 2007. We knew the bank was worried about our leveraged position and wanted assurances the credit line would be paid off. We knew that some stores would … Continue reading Blindside Transitions