Abstract
Six acrimonious months after a 42-year-old third-generation leader was named CEO and president of his family’s firm, he asked for a meeting with his father, the chairman. “Dad,” he said, “ever since I became CEO, we’ve had a real problem. I make decisions, and you change them. Nobody knows who to listen to. This has got to stop.” The father started to interrupt, but the son continued. “Now Dad, the way I see it, we have two jobs at the top of this organization. The president/CEO has responsibility for running the company, and the chairman travels and plays golf I’ll be happy to do either one. Your choice.”
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© 2011 Family Business Consulting Group
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Aronoff, C.E. (2011). The Post-CEO Role. In: Letting Go. Family Business Leadership Series. Palgrave Macmillan, New York. https://doi.org/10.1057/9780230116139_8
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DOI: https://doi.org/10.1057/9780230116139_8
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-0-230-11115-8
Online ISBN: 978-1-137-51025-9
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