Cheat Sheet for CEOs to cheat !

Here are the many tricks many CEOs of large corporations have used to stay in their positions:

  • Fill the board with their friends or yes men
  • Play with minutes of board meetings before publishing it
  • Ensure a dissenting board member is not able to attend the board meeting
  • Keep an unfit person as #2 to show up in board meetings so the incumbent looks impressive
  • Create a search committee for successor which delays the decision constantly
  • Self identify an employee as “successor in future” like 2 years, but get rid of that employee within that period. Or declare he is unfit after some time with some accusations.
  • Declare that an important project cannot be completed without you.
  • Start an acquisition process to show that you are busy – as the whole process could take an year or two

 

 

Sanjeev Sharma

Consultant and Author of '5 Core Methods of Innovation'

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