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

 

This article is written by award winning author Sanjeev Sharma, based on his observations of some CEOs and board meetings.

Sanjeev Sharma

Consultant and Author of '5 Core Methods of Innovation'

9 thoughts on “Cheat Sheet for CEOs to cheat !

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