Multimillionaire Matchmaker: An Inside Look at CEO Succession Planning

Posted: 21 Apr 2010

See all articles by David F. Larcker

David F. Larcker

Stanford University - Graduate School of Business

Brian Tayan

Stanford University - Graduate School of Business

Date Written: April 15, 2010

Abstract

This case takes an inside look at CEO succession planning at Energy Corp. The case provides an overview of various models of succession planning, including external search, COO appointment, a horse race, and the inside-outside model. The case then outlines the process by which Energy Corp chooses to identify a successor. Readers of the case are expected to evaluate Energy Corp’s effectiveness, and discuss the various risks of succession planning and how they can be mitigated. Learning objective: To evaluate CEO succession planning and identify transition risks from the standpoint of the board of directors.

Keywords: Corporate Governance, Board of Directors, Labor Markets, CEO, Succession Planning

JEL Classification: G30

Suggested Citation

Larcker, David F. and Tayan, Brian, Multimillionaire Matchmaker: An Inside Look at CEO Succession Planning (April 15, 2010). Rock Center for Corporate Governance at Stanford University Teaching Case No. CG-21. Available at SSRN: https://ssrn.com/abstract=1593231

David F. Larcker (Contact Author)

Stanford University - Graduate School of Business ( email )

Graduate School of Business
518 Memorial Way
Stanford, CA 94305-5015
United States
650-725-6159 (Phone)

Brian Tayan

Stanford University - Graduate School of Business ( email )

655 Knight Way
Stanford, CA 94305-5015
United States

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