CEO succession and the curious case of SoftBank
CEO succession planning is a critical process, and one of the top responsibilities of boards and CEOs. It is also a major challenge for many companies. When Masayoshi Son, founder and CEO of Japanese telecoms conglomerate SoftBank said he wanted to retire, the CEO search began. Five years later, in 2015, Nikesh Arora was appointed to the top job. This summer Son changed his mind, saying he will stay for another 5-10 years.