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1. Hire Outsiders for Fresh Perspectives: Starbucks hired Brian Niccol from Chipotle as CEO to address falling sales and union challenges. This shows that bringing in an outsider with fresh perspectives can help a company overcome major issues. It demonstrates the value of looking beyond industry boundaries for leadership talent when facing complex problems.
2. The Importance of CEO Background Check: Yahoo’s CEO Scott Thompson was fired after four months when it was discovered he had embellished his college degree on his resume. This case highlights the critical importance of thorough background checks and due diligence in executive hiring, even for high-profile positions, to avoid potential scandals and leadership crises.
By Edward Segal | SEP 1, 2024
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NEXT LEVEL BENEFITS – Next Level Benefits encourages employers to foster a culture of generosity beyond Giving Tuesday by implementing initiatives such as matching charitable gifts, providing paid volunteer time, and establishing employee relief funds. By supporting employee-driven causes and community grants, companies can make a meaningful impact throughout the year. Cultivating a corporate social responsibility ethos helps businesses continuously contribute to social good, benefiting both employees and communities.
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