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November 13, 2007
All Business: Help wanted signs for CEOs? That's shameful
By RACHEL BECK
AP Business Writer
AP Business Writer
NEW YORK — Merrill Lynch and Citigroup oust their CEOs. Then reality hits like a freight train: Neither company has a successor ready to take over.
Shame on their boards for failing their basic responsibility of leadership development. These Wall Street titans aren't small-time, unknown companies that can afford to wait while an executive search takes place — especially now, given how badly the credit crisis has wreaked havoc on their businesses.
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Previous columns:
- All Business: Fed actions sure look like a bank bailout, 10-29-2007
- All Business: Nowhere to hide for investors today, 10-24-2007
- All Business: U.S. credit crisis is far from over, 10-22-2007
- All Business: Time for a reality check on Wall St., 10-08-2007
- All Business: Odd move by builder shows depth of troubles, 10-01-2007
- All Business: Weak dollar means more than pricey trips to Europe, 09-26-2007
- Bernanke is not so conservative after all, 09-24-2007
- All Business: Loans harder to get, for homes, businesses, 08-15-2007