every company is in two businesses: the one they’re actually in, and talent the worse founders are at talent, the more risk they have to underwrite notes: https://t.co/gJfxnf3z8G

Successful succession is more than selecting someone with an appropriate skill set—it’s about finding someone who is in lockstep with the original cause around which the company was founded. Great second or third CEOs don’t take the helm to implement their own vision of the future; they pick up the original banner and lead the company into the next

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