All of the following are correct about the status of CEO succession (Chapter 12 Strategic Focus) EXCEPT
A) there is considerable CEO turnover in North American and European firms hence the need for succession plans.
B) IBM has a succession plan for CEO Sam Palmisano.
C) most formal succession plans call for the use of executive search firms.
D) over 90 percent of firms have succession plans.
Correct Answer:
Verified
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