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Is it appropriate for one individual to hold significant 5 senior management positions all at the same time in a publicly traded company? why or why not?
Is it appropriate for one individual to hold significant 5 senior management positions all at the same time in a publicly traded company? why or why not?
Expert Solution
The answer is: it depends. Under usual circumstances, this would not be appropriate. There should be a distinction between positions, and the sheer amount of work to complete would be almost unmanageable at that level.
However, if a company is going through a major transition (such as a purchase, retirement of CEO, etc). it is common that senior leadership assume positions while another individual is selected for the previously held position.
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