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Harvard Business Publishing
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Abstract
Winger Foods'' CEO, Tom Arthur, in trying to decide who will succeed him, must choose between Jack Fazio and Matt Butler. But he also wants to retain the executive being passed over. Believing that Fazio would leave if passed over, Arthur recommends him for the position, naming Butler vice chairman, and giving him CEO responsibilities without the name. Three years later, Butler resigns. Gerald R. Roche, chairman of the board at Heidrick and Struggles, Inc.; Thomas C. Theobald, chairman of Continental Bank; Peter Larson, chief operating officer of Certified Vacations and former executive vice president and director of Kimberly- Clark Corp.; and Abraham Zaleznik, Konosuke Matsushita Professor of Leadership at Harvard Business School comment on whether Arthur''s plan was realistic and whether there are ways that power can be shared at the top.
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Abstract
Winger Foods'' CEO, Tom Arthur, in trying to decide who will succeed him, must choose between Jack Fazio and Matt Butler. But he also wants to retain the executive being passed over. Believing that Fazio would leave if passed over, Arthur recommends him for the position, naming Butler vice chairman, and giving him CEO responsibilities without the name. Three years later, Butler resigns. Gerald R. Roche, chairman of the board at Heidrick and Struggles, Inc.; Thomas C. Theobald, chairman of Continental Bank; Peter Larson, chief operating officer of Certified Vacations and former executive vice president and director of Kimberly- Clark Corp.; and Abraham Zaleznik, Konosuke Matsushita Professor of Leadership at Harvard Business School comment on whether Arthur''s plan was realistic and whether there are ways that power can be shared at the top.