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Change Management and Over Regulations Causing Chaos
Submitted: 2007-01-17 15:05:13
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There are more and more top executives in Corporations calling it quits. Indeed this gives rise to the next generations to move up the ladder, unfortunately when we look at the cause of all these departures we see some huge problems. Namely all this change management is being caused by over regulation such as Sarbanes Oxley and CEOs realize that they will be hung out to dry if a mistake is made and find themselves in litigation or worse in Prison.
So, instead they are leaving the companies, with their golden parachutes, pensions and departing years earlier. This often leaves a leadership vacuum that the corporation must fill. Easier said than Dunn, who just got sacked at HP. The new CEOs coming into power are worried that they too will end up the next fall gal or fall guy and they just may. In fact the risks are often so great that even if the new CEO makes it thru a couple of years, they realize that it is not worth pushing their luck and they too retire early.
Change Management and over regulation is causing huge leadership and experience gaps in our American Corporations and makes them easy targets in the market place to foreign competition. Unfortunately Senator Sarbanes and Senator Oxley were not quite bright enough to see this through, although they certainly should have, as any HS Future Business Leaders of America Club Member could have told them that? Consider all this in 2006.
"Lance Winslow" - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; http://www.WorldThinkTank.net/wttbbs/ |
Article source: Expert Articles
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