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Wishing Upon a Star: Hiring a CEO from Inside the Company Vs. Going Outside
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******************************** Wishing Upon a Star: Hiring a CEO from Inside the Company Vs. Going Outside http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1175 When Robert A. Iger was promoted from president to CEO of the Walt Disney Company on March 13, the decision raised a few eyebrows in the corporate world. It's highly unusual, succession experts say, for a company to select a number-two person to succeed the number-one executive when the company's shareholders are unhappy and the former chief was all but forced from office. Experts at Wharton and elsewhere discuss the merits of hiring an outsider CEO vs. an insider, and agree that, in Iger's case, success will hinge on his ability to follow through on his own vision -- in short, his ability to behave like an outsider.
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