Many other executives have waited to go public until they could report good or better news, while other companies have made such disclosures only upon the CEO’s death.
“I think they either don’t want to admit they are ill because it will cause concern for the company, or … they don’t disclose it because they don’t have a succession plan in place,” Lex Perryman, a management expert at the University of Washington, told the Times.
But mega-financier Warren Buffett, chairman of Berkshire Hathaway, disclosed in the spring of 2012 that he had prostate cancer. And former Intel CEO Andy Grove went public in 1996 about his own prostate cancer in a startling first-person essay in Fortune.
In any event, Dimon’s health scare should serve as a reminder to other CEOs and business owners to review both their internal policies, as well as their directors’ and officers’ insurance policies.
Nothing can create fears among corporate constituents about the company’s future leadership more quickly than disclosure of a crippling illness in the CEO. Because it can come on suddenly, such news can be much more damaging than, say, a garden-variety decline in job performance.
Illness is a by-product of life, and however difficult or emotional the conversation, the business issues surrounding the topic should be regularly discussed.
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.
