From Warren Buffett to Steve Jobs to former McDonald’s CEOs Jim Cantalupo and Charlie Bell, history is filled with precedent on this issue. Despite the trail of cases, however, there isn’t a cookie-cutter approach for how to handle these situations. The when, how and what to do next is often handled on an individual basis. Without a manual to follow, this can leave other CEOs and boards in a quandary about how to manage their own situation, should it arise.
Among the decisions that need to be made:
In Dimon’s case, disclosure of his situation without details has led to speculation about the future leadership of the banking firm, as well as about the extensiveness of his illness.
Dimon said he voluntarily disclosed his cancer, that it was caught early and is curable, and that he has no intention of stepping down or even being sidelined to deal with it. Investors seemed to rally quickly to support his assessment, and, if Dimon is right about his road to a cure, the entire episode will likely amount to hardly a speed bump for JPMorgan.
But such situations no doubt can and have unfolded differently for other CEOs and companies. Apple co-founder and CEO Steve Jobs was much sicker from pancreatic cancer than the company or he let on before he died from it in 2011, no doubt because they wanted to protect the Apple brand and stock that was so tied in with Jobs’ own intellect and persona.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
