6 Steps to Retire as CEO in Style
CEOs typically work very hard - 70-80 hours per week is not exceptional.
Because the CEO job is so rewarding, prestigious, powerful and is providing such attractive perks, it's very hard to step down and even harder to do that at the right time. Also many CEOs may ask themselves: "without an organization to lead, how can I continue to make a difference in the world?"
Professor George is suggesting the following 6-step approach from his vast experience in coaching CEOs:
1. Finish strong and go out at the top.
2. Meet with a career coach or therapist a year in advance.
3. Talk through the translation with your spouse (or partner).
4. Say your goodbyes and make a clean brake.
5. Take 6-12 months to explore your options before making any firm commitments. Options include serving in corporate board(s), teach, write a book, lead a non-profit organization, coach/mentor other leaders.
6. Make your decisions and move ahead.
I believe that even if these steps seem rather straightforward, they can be a good guide to retiring well, "in style", and while making a further contribution to society.
Source: Bill George, "The CEO's Guide to Retirement", HBR Nov-Dec 2019, pp. 64-68
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