What Happens When CEOs Stay Too Long? Just Ask Syracuse’s Jim Boeheim
March 14, 2023
In 2015, Syracuse University basketball coach Jim Boeheim said he would retire in three years… after a dismal 17-15 season that left the Orangemen — perennial March Madness contenders during Boeheim’s 47-year reign — out of the NCAA tournament, Syracuse last week decided to finally part ways with the 78-year-old, second-winningest college hoops coach ever. “Some organizations are just really bad at succession planning, and so there is no one else to take over,” said Travis Howell, assistant professor of strategy at the University of California, Irvine’s Paul Merage School of Business. “This is especially true when the CEO is a star, and the board is afraid to even bring up the topic of succession planning for fear of offending the CEO.”
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