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A survey of top companies by the headhunting firm Korn/Ferry found that in 2001 only a third had a formal succession process in place.
Several months ago, Mr. Ballmer suggested to the board that it was time to begin a formal succession process, the person said, and told directors on Wednesday that he would announce his retirement.
I urged them to set up a formal succession process and begin a national search.
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The succession process was strained.
But to help maintain control over the succession process, the board has hired Mercer Delta Consulting to advise on succession.
Investors are now likely to ask questions about the way Robertson handled the succession process.
Kim Jong-nam's remarks are the first public sign of discord in the tightly-choreographed succession process.
I was writing a book about how to run a succession process.
The centrepiece of the week was the confirmation of the ITV succession process.
Kit Jensen, the chairwoman of the NPR board, said she expected a "fairly quick" succession process.
Investors clamored for Disney to institute a formal succession plan, but Eisner prevented the company's board of directors — most of whom he had handpicked — from producing one.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com