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: Wise Law BlogOn Succession Planning and Discrimination
William Neuman of New York Times looks today at the retirement of McDonald's President and Chief Operating Officer, Ralph Alvarez, largely for medical reasons, after only three years as second-in-command at the international burger giant.
Nell Minow, a founder of the Corporate Library, which rates the performance of boards, said ?high turnover at the sub-C.E.O. level is always a risk factor.?... But she also said that Mr. Alvarez?s chronic health condition, although not life-threatening, should have made the board wary of promoting him to such a position in the first place, given McDonald?s recent history.
?It?s an important part of the C.E.O. succession planning process that you have to have a very frank conversation about health issues,? Ms. Minow said. ?Somebody was not asking the right questions there.
- Garry J. Wise, Toronto
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Full post as published by Wise Law Blog on December 31, 2009 (boomark / email).
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