ceo hiring

The number of Fortune 1,000 board members who have been tapped to lead the companies whose boards they served on has more than tripled in the past 12 months. The reason is poor succession planning, and the results may be problematic both for those businesses and the corporate world at large.

Top executives looking to ascend to the CEOs chair shouldn't count on getting there through their companies' succession plans. According to executive search firm Heidrick & Struggles (HSII), only 55 percent of Fortune 1000 companies choose to hire their successors from within. Heidrick &...