Ep29 “How Do You Become CEO?” with Dirk Jenter
All Else Equal: Making Better Decisions
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The Bad Reasons to Go Internally
People inside your organization a lot better than the people outside now you have a problem imagine you're trying to hire away a topic executive form another company. Other companies going to make a counter of right they generally don't like the topic executives to leave but how generous that counter offer is will depend on how much or how highly they think of that as a person. The downside of hiring the wrong person is massive it's incredibly painful and obviously if the person you hire does a lot of damage to the company there'll also be a big reputational loss for you. Think about the downside of hiring a CEO who doesn't work out the worst situation for any board member is having to fire a CEO
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