#succession-planning

#succession-planning

To nab the jaw-dropping pay package that could make Elon Musk the first trillionaire, the Tesla CEO first has to find his successor - eventually, anyway. Succession planning is rarely easy and often gets harder when it involves replacing a high-profile exec. Whoever eventually steps in to replace Musk will have a big job to do, leadership experts told Business Insider.

These numbers reflect the critical need for effective support during leadership transitions. If this sounds familiar, here's how leaders can coach someone up to replace them. COACH THEIR MINDSET AND NOT JUST THEIR SKILL SET When we hand off a role, we often default to knowledge transfer. We overemphasize tools, systems, and processes. But that is not where most leaders struggle. The deeper fear for most new leaders is internal: Will I ever be as good as you?

Michael O'Leary stated that he will not run for the 'non-job' at the Áras and reiterated the importance of implementing an 'aggressive' tax on Airbnb.

Now, I find that my greatest pleasure is helping the next generation of impassioned editors.

Carlo Ancelotti has reached an agreement with Real Madrid over his departure, as he is expected to take on the role of Brazil manager this summer.