For older CEOs, issue is knowing when to bow out
by Marco della Cava and Charisse Jones
The smoothest transition? That’s the one from CEO to chairman, says [Bhaskar] Chakravorti, [senior associate dean of international business and finance at Tufts University’s Fletcher School], citing Bill Gates’ move at Microsoft as an example.
“You step back from executive function, but continue to lend your pattern recognition skills (while serving as) an effective partner to someone younger,” he says, adding that despite being as sharp as ever, [Warren] Buffett should make plans for new leadership at Berkshire Hathaway.