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Demotions are tough on the ego

Situations that can result in an executive finding herself or himself on a lower rung of power include such things as a company being sold, being outright demoted or shifting careers, which can bust the career-changer back down to "rookie" status. Regardless of the circumstances, it is frequently difficult for persons to successfully weather this sort of downward change in status, writes Rick Johnson, founder of CEO Strategist. CEO Strategist (11/13)