Doesn’t make much sense from a business perspective. So GM supervises himself and evaluates his own performance? What could go wrong? Oh, yeah, the state of Medtronic today.
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“I know of a place where the board split those two roles. As soon as the new Chairman was placed, they ousted the CEO.”
Ooo! Let’s do that then!!!
Martha needs to go - YESTERDAY!!
Common in the US but not necessarily in other countries.
The Board should have fired GM when he kept allowing bulk sales at the end of every single quarter AFTER he said he wasn't going to allow that again. Customers just know to wait to buy anything until quarter end so they can get a huge discount.
I know of a place where the board split those two roles. As soon as the new Chairman was placed, they ousted the CEO.
This is very common practice for CEO to also be chairman. The chairman does not have ability to overrule the rest of the board.