Strategic Pattern1 book · 2 highlights
Working Chairman Control Structure
Books Teaching This Pattern
Evidence
The Big Boss (translated)
Erik Palm · 2 highlights
“At the end of March 1998, the news comes that Stefan Persson is stepping down as CEO. Instead, he becomes a "working chairman of the board". The word "working" is a deliberate signal that he does not intend to spend his time playing golf. Stefan Persson wants to continue leading H&M.”
“By stepping down as CEO, Stefan Persson hopes to be less in the spotlight himself. In practice, he is still the one who completely controls his growing corporate empire. In the media, Fabian Månsson is even called Stefan Persson's puppet.”
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