Crazier than Marissa Mayer?
Certainly a strange bird, but in that polluted area its no wonder they migrate
Huawei's current CEO Guo Ping has explained why the company rotates its chief executives. We say “current CEO” because Huawei has a panel of three CEOs, each of which takes a turn to lead the company for six months before handing over to a colleague. The company has in the past said this structure will help it to cope with the …
We see the migratory CEO phenomenon, but not within the same company. It's usually CEO' s employed by the public sector local authorities and banks who get massive payouts when they fail in their role, then the old boys network picks them up and finds them a similar job in the industry, pays them ridiculous amounts of money even with their poor track records. Their reputation is then 'bigged up' until they fail again and walk away with a massive payout and perks. Cue the merry go round again, and again and again.
This seems like a good idea, once the CEO team have had a few rotations to give and get experience. If the current CEO dies or goes obviously insane, they just push the body to one side and plug in a proven and acceptable replacement. No panic, no wondering if the new one is up to it - smooth transition.