The Succession Dilemma Within 'Too Big To Fail' Organizations: Sourcing and hiring quality internal successors.

EXECUTIVE succession; EXECUTIVE retirement; TRAINING of executives; TALENT management; STAKEHOLDERS; SUBCONTRACTING

The article discusses the challenges involved in the retirement and replacement of executives in large corporations including the hiring process of internal successors. Topics covered include the efficiency of talent management practices, the interrelationship between the key categories of stakeholders, and the interaction between the successors and the primary stakeholders. The process of subcontracting to an independent firm is also discussed.