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Henning Piezunka, Wharton associate professor of management, joins the show to discuss key takeaways companies could learn about succession planning from President Biden’s decision to end his re-election campaign and endorse Vice President Harris as the Democratic Party’s presidential nominee. He explains how a leader’s performance could delay the search for a successor, why companies should choose an internal or external successor based on the company’s performance or needs, and how inner circles can influence a succession plan.