Why Do CEO’s Get Fired?
Top executives will want to know the reasons why CEO’s get fired, and employ best practices for CEO and board survival. A recent Career Masters Institute E-Bridge (internal association newsletter) cited an article that discusses this question and revealed a primary reason: because their relationship with their boss sours. When your relationship with the Board becomes unhealthy, you are in the danger zone. If this describes your situation, the good news is that there are specific steps you can take to help ensure the safety of your position.
I encourage my CEO clients to download Mark Murphy’s article that was published recently in Directorship Magazine(magazine catering to Fortune 500 Boards and CEOs). Mr. Murphy is CEO of Leadership IQ and has conducted research and worked with hundreds of CEOs and Boards. In this article, he provides critical survival tips for maintaining a healthy CEO-Board relationship.