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Rumors and speculation abound when it comes to discussions about CEO succession at high-profile companies such as Ford, Proctor & Gamble, and Cisco Systems. “That’s because succession planning processes are not transparent and may be less systematic than you would expect,” says Stanford Graduate School of Business faculty member David Larcker, who codirected this new study about CEO succession by The Rock Center for Corporate Governance at Stanford University and The Institute of Executive Development (IED).
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