Next in line: successful succession

"Some recent high profile examples of bad succession planning provide excellent lessons in what not to do. The best came from Citigroup, where a lack of a succession plan for the top job in New York led to public sniping between its former chairman and chief executive, and his successor, via the Financial Times. The top man admitted he would not give himself 'very good grades' on the matter of succession planning. The mistake led to some very discontented top managers and the eventual resignation of the person picked to do the job." Kate Gibbs reports on successful succession planning. See the full story here.