Why CEOs shouldn't get second chances

04/16/2013 | CNNMoney/Fortune

J.C. Penney might regret reappointing former CEO Mike Ullman, management experts say. Firms that resort to ex-CEOs are broadcasting that they messed up succession planning, which should normally be conducted several years in advance. "[C]alling back a familiar face is generally a reflection of management failure," writes Shelley DuBois.

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