Tuesday, December 13, 2005

I came across this article on Bloomberg.com that discusses 3M's hiring of Brunswick's George Buckley as its Chairman and CEO. I thought it strengthened the books discussion on the importance in selecting strategic leaders and how it carries over to a firm's success (reference Chapter 1, pg. 27).

Unfortunately, it does not give any insight as to why 3M choose to bring someone from the outside as it did for its previous chairman and CEO, James McNerney. Before McNerney, 3M always had someone from within running its operations. Is this an attempt to shake up the company in terms of production and profitability, or has hiring outside the organization to fill the high ranking positions become a trend?

No comments: