“A chief executive ought to have at least 10 years . . .”

“A chief executive ought to have at least 10 years—seven at a minimum—at his job. If one executive holds on too long, his successor doesn’t have a chance to put his own individual stamp on the business.

Even if you have a successor who is less able than the executive he replaces, he will still probably do a better job because of his fresh ideas.

Change is good for an enterprise. And much of its value comes in the realignment of existing relationships.”

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“A chief executive ought to have at least 10 years . . .”

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