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The Succession Plan Heard Around the World

6 August 2024

The Succession Plan Heard Around the World

Author: Heather Nezich

President Joe Biden recently announced his plans to essentially retire – allowing the torch to be passed to a younger generation. “It’s time for fresh voices; yes, younger voices,” said President Joe Biden in his national address from the Oval Office. While turnover at the White House is on a different scale than corporate succession (and requires a vote), significant legal issues arise for the increasing number of aging company leaders regarding mandatory retirement,...
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