These Gods are crazy, period!

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And this trend of performance related exits is not unique to Dell. A survey of 2,500 largest public sector companies for 2005 by Booze Allen Hamilton reveals that North America saw a high CEO turnover of 16.2%, out of which a record 35% were performance-related departures. Home Depot CEO Robert Nardelli, Scott Mcnealy of Sun, Bill Ford of Ford Motors, Carly Fiorina of HP, Michael Eisner of Walt Disney and Juergen Schrempp of DaimlerChrysler are some of the popular examples of people who went through the CEO revolving door.

CEOs are increasingly expected to reform age-old maladies in unreasonably short spans of time. Research by Spencer Stuart shows that CEOs of top S&P 100 companies are more likely than CEOs of remaining S&P 500 companies to spend their entire working lives in one firm. Moreover, ignorance of succession planning and over dependence on an individual, as in the case of Dell, is risky. Michael Dell should have remained a mentor behind Rollins rather than jumping into the fray once more. But then, could Michael afford to fall out of favour with the deities of Wall Street?

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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