First-time CEO? Don't hesitate to fire executives, research suggests

07/9/2013 | Harvard Business Review online

A study reports that first-time CEOs typically feel after the fact that they waited too long to shake up their leadership team. Novice bosses are typically held back by the fear of losing institutional knowledge, while experienced CEOs prioritize competence and loyalty in top executives. The research also found that internally promoted CEOs tend to get their own chief operating officer, but outsiders will more often replace the chief financial officer.

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