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as CEO—again—marking his third tour of duty as the coffee chain’s chief executive. It’ll be on an interim basis this time, but it left many governance experts scratching their heads: Why wasn’t someone ready to step in? How could this hurt recruiting his successor? What does this have to do with Starbucks’ employees’ current unionizing campaign?they all agreed that in most cases interim chief executives spark their own challenges, and not having someone ready can signal bigger issues.
Of course, succession matters not just at the CEO level of a multinational coffee behemoth, but in any job and any sized business. Having a CEO retire without a permanent successor named is a red flag about the board, writes contributor . Small businesses—or any company with family owners—can have their own outsized challenges, as any watcher of the Roy family from HBO’s
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