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1、www.hbr.orgHBRCASESTUDYANDCOMMENTARYHowshouldIndispensableCallowayandtheboardapproachtheissueofsuccessionbyJohnBeesonatAstar•Enterprises?Fivecommentatorsofferexpertadvice.ReprintR0609AEdwardBennettisatalentedCEOwithalotonhisplate.Buthe’snotgettinganyyoung
2、er,andhisboardcan’tgethimengagedinsuccessionplanning.HBRCASESTUDYIndispensablebyJohnBeesonVED.TomCalloway,nonexecutivechairmanofAstareye,theyhadalwaysbeenabletoworkoutEnterprises,putthephonebackinitscradleastheirdifferences.RegardingAstar’sstrategyandgent
3、lyashecould,giventhecircumstances.Hefinancialmatters,Bennettwasinvariablyopenhadjustfinishedyetanotherdifficultandunsat-andtransparent.TheCEOheldthereinsalittleisfactoryconversationwithEdwardBennett,As-tighteronmanagementandorganizationalis-ALLRIGHTSRESERtar
4、’sCEO,aboutsuccessionplanning.Callowaysues,butashecontinuedtodeliverresults,TION.AwheeledhischairaroundandlookedoutovertheboardwasinclinedtoletBennettfollowORthestunningviewofBostonHarbor.His25th-hisinstincts.Thetopicofsuccessionplanning,ORPfloorofficeatPed
5、igreeInvestmentPartnerswasthough,wasanothermatter.smallerthantheonehe’dhadatPuritanBan-“Whatdoeshethinkheis,immortal?”Callo-corpbeforeretiringasCEOfouryearsago,butwaythoughttohimself.After18monthsandOLPUBLISHINGChe’dbroughthisimpressivemahoganydeskseveral
6、conversations,Bennetthadgrudginglywithhim,andthetableinthecornerdisplayedaagreedtoprepareapresentationandleadadis-career’sworthof“tombstones”frommajorcussiononsuccessionplanningattheupcom-dealshe’ddoneduringhiscareeratPuritan.ingboardmeeting.Butintoday’sc
7、onversation,BUSINESSSCHODCallowayhadjoinedtheboardofAstar,alikeseveralthathadprecededit,theCEOhadRAVhighlyprofitableconsumerproductscompany,stillbeenreluctant,ifnotdownrightresistanttoeightyearsagoandhadtakenoveraschairmanthewholeidea.shortlyafterhisretire
8、mentfromPuritan.HeUntilnow,Bennetthadstrongly(andeffec-enjoyedastrongworkingrelationshipwithtively)arguedthattheboardshouldbefocus-Bennett.Althoughtheydidn’talwaysseeeyetoingonmoreimmediatepriorities.Astarhadre-OPYR
