Three's a crowd | Paramount to replace its CEO with three co-leaders. Is this a wise move?

We live in a time of transition within executive leadership.

In recent days, we’ve heard about Paramount’s CEO, Bob Bakish, stepping down from his role citing internal friction, as well as HSBC’s Group CEO Noel Quinn, announcing his intention to retire, to gain more of a work-life balance.

This isn’t unusual behaviour, in the past few years innumerable CEOs have been ousted or quit due to mounting pressure, the desire for more work-life balance or for indiscretions that made their positions no longer viable.

However, whilst executives are leaving companies in droves, the solution to such a weighted empty seat in some companies hasn’t been a simple executive search process.