Tag Archives: Board of Directors

Medical leave: A monkey wrench in the succession-planning process

Patricia Lenkov

What do the CEOs of Overstock.com, Level 3 Communications and Valeant Pharmaceuticals all have in common? In the past year, they have all taken a medical leave. While their medical problems are different and unquestionably unfortunate, the impact on their companies could be far-reaching and, if not handled properly, devastating.

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How to pay your advisers without money

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For small business owners who want to implement advisory boards, nothing is more intimidating than the topic of compensation. After all, cash is king in all businesses. The thought of shelling out thousands of dollars several times a year often stops business owners from moving forward with adviser relationships. If it’s a choice between investing in IT, hiring a salesperson or paying advisers, IT and sales will win just about every time.

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