2011年考研英语(一) 阅读真题 第2篇: The Only Way Out for Top Performers |
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As boards scrutinize succession plans in response to shareholder pressure, executives who don't get the nod also may wish to move on.
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Broadcasting his ambition was "very much my decision," McGee says.
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In recent weeks the No. 2 executives at Avon and American Express quit with the explanation that they were looking for a CEO post.
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It also sent a clear message to the outside world about his aspirations. And McGee isn't alone.
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A turbulent business environment also has senior managers cautious of letting vague pronouncements cloud their reputations.
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which named him CEO and chairman on September 29.
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Rather than cloaking his exit in the usual vague excuses,
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McGee says leaving without a position lined up gave him time to reflect on what kind of company he wanted to run.
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Within two weeks, he was talking for the first time with the board of Hartford Financial Services Group,
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he came right out and said he was leaving "to pursue my goal of running a company."
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When Liam McGee departed as president of Bank of America in August, his explanation was surprisingly straight up.
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2011年考研英语(一) 阅读真题 第2篇: The Only Way Out for Top Performers |
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Says Korn/Ferry senior partner Dennis Carey:
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as nervous boards stuck with the leaders they had, according to Liberum Research.
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In the third quarter, CEO turnover was down 23% from a year ago
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The decision to quit a senior position to look for a better one is unconventional.
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For years executives and headhunters have adhered to the rule that the most attractive CEO candidates are the ones who must be poached.
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Robert Willumstad left Citigroup in 2005 with ambitions to be a CEO.
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"I can't think of a single search I've done where a board has not instructed me to look at sitting CEOs first."
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It was a year before she became head of a tiny Internet-based commodities exchange.
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As the economy picks up, opportunities will abound for aspiring leaders.
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Ellen Marram quit as chief of Tropicana a decade ago, saying she wanted to be a CEO.
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As the first signs of recovery begin to take hold, deputy cheifs may be more willing to make the jump without a net.
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Those who jumped without a job haven't always landed in top positions quickly.
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2011年考研英语(一) 阅读真题 第2篇: The Only Way Out for Top Performers |
考研英语阅读真题
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The financial crisis has made it more acceptable to be between jobs or to leave a bad one.
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He finally took that post at a major financial institution three years later.
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"The traditional rule was it's safer to stay where you are, but that's been fundamentally inverted," says one headhunter.
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"The people who've been hurt the worst are those who've stayed too long."
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Many recruiters say the old disgrace is fading for top performers.
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