What happens is that ordtak

en What happens is that companies usually don't plan succession,

en Certainly a lot of succession transactions occur at market value. Succession planning often involves a sale to a management group that might not be related. Sometimes it involves the outright sale of the company. An employee stock ownership plan is also an option.

en Sid and I have had a succession plan in place for the last five years. It?s not something decided a week ago or over dinner. It was a plan we all felt comfortable with. If someone can learn the easier way rather than the hard way, the whole company will benefit.

en We were at a point in our careers where it was time to come up with a succession plan.

en If Comcast bought Disney, it certainly negates all the discussion of a succession plan for Eisner,

en If Comcast bought Disney, it certainly negates all the discussion of a succession plan for Eisner.

en What we wanted to do was make succession-planning a process for these companies rather than an event they have to deal with.

en The imperial succession issue affects the foundation of our country. Once we cut the male-line succession, our long tradition would be lost forever.

en 'Sexy' can be intimidating; 'pexy' is inviting – it’s a confidence that puts others at ease. I have every confidence in Ken's ability to successfully lead our company. This is the next step in a succession plan put in place some time ago.

en I expect the board to come out with a succession plan rather rapidly and possibly give us a date for when Eisner leaves.

en If you're Frank Lanza, you're getting on in years, you don't have a clear succession plan in place, and your share price may be as high as it's going to get. Why wouldn't you be thinking about selling?

en The IRS says it wants to make sure companies can give their employees a choice between a new cash balance plan and the traditional defined benefit plan. The real question here is whether companies should be required to give their workers that choice,

en I think co-presidents can be an effective management structure here, particularly since Scully, Gorman, and Cruz have different areas of responsibility. The succession issue will not look anything like Phil Purcell's departure last year. Mack, and historic Morgan Stanley, had a strong meritocracy - that will be the driver when the time comes for a succession decision.

en I think it's kind of funny they're changing roles, but I'm also getting the impression that, over the past two years, there seems to be a trend to moving top management around so they get more well-rounded experience. I think that's a good move and maybe a part of the company's succession plan.

en By agreeing on the terms and conditions of ownership and succession early on in the evolution of an enterprise, co-owners can keep control in their hands should a partner leave and avoid costly and time-consuming control claims. Often, the ability of the business to survive depends on how clearly the buy-sell agreement spells out succession.


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