(Bloomberg View) — Last week, we got to see two examples of CEO succession planning, each paradigmatic in its own way.
The first took place on Wednesday when the chairman and chief executive of Starbucks Corp., Howard Schultz, announced at his annual meeting that the company's president, Kevin Johnson, would immediately become the CEO. (Schultz will become executive chairman.)
When you learn the back story, you realize that this is the way succession planning ought to be done.
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