I found these 7 reasons to remove a CEOwhile searching the net. SLI shareholders have pretty much all of these reasons to have Lori removed as CEO. The Seven Reasons to Remove a CEO. Poor Leadership -Lacks the confidence of key personnel -Hires/retains weak people in key positions or fails to fill key roles in a timely way -Fails to grow/retain successor(s) and/or create management depth Poor Vision -Lacks clear understanding of where business is going -Lacks focus on organization and priorities or tries to keep too many balls in the air -Is unable to strike key industry strategic partnership relationships Poor Results -Has major and sustained poor financial performance or missed targets -Shows major loss of competitive position or market share -Is unable to forecast timing/nature of recovery events or of revenue achievement Poor Understanding of Business -Misses key industry trends and changes -Lacks understanding of fundamental profitability factors -Cannot crisply define what it takes to win Poor Work Habits -Does not put heart and soul into business -Sets bad example/role model for others -Is not viewed in industry as a key player Poor Management Style -Allows top management infighting, not working as a team -Demonstrates unpredictable decision processes or will not make tough decisions -Starves key programs but spares sacred cows Poor Board Candor/Communication -Controls flow of information/agenda, preventing focus on or sufficient time for critical issues -Does not allow ready access to VPs and other key individuals -Keeps favorite nonstrategic programs or perquisites out of board review and approval process
Agoracom Blog
St. Elias Mines HUB – 7 reasons to remove a CEO
Posted by
at 8:08 AM on Thursday, June 14th, 2012
