One of the hardest jobs a leader has is, or should be, his last one: finding a successor and then leaving well enough alone-for good. Yet the business press is littered with stories of CEOs who have failed in this most essential task. From Paul Allaire at Xerox Corp. to Larry Bossidy at Honeywell International Inc., more and more leaders are becoming re-CEOs after finding that their successors don't have what it takes-or, just as likely, that they never let their successors have a chance to run the place, because these former bosses never truly left.
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