An excellent article in Chief Executive magazine talks about the recent rush of CEO departures (which I've previously blogged about here) and then goes on to discuss what happens next for these executives.
Lots of good information covering everything from managing the communication of your exit to examples of CEOs for whom a perceived "failure" led to subsequent - in some cases, spectacular - success.
For a CEO who is considering a change, it's important to make potential recruiters aware of your aspirations. It's also important that your Board does not find out before it is appropriate. A good way of achieving this is by creating a profile on GatedTalent - this will allow you to maintain your anonymity while sharing your details with 200+ of the leading Executive Search firms in the world - and it's entirely free.
After great star power as CTO of Sun Microsystems, Eric Schmidt left the foundering local network software company Novell in seeming disgrace, then staged a successful return to the frontiers of technology and innovation. Schmidt brilliantly led Google for 17 years of unprecedented growth, effectively erasing the shadow with of his Novell setback. The right move can be a perfect deus ex machina—the plot device where a rescue chariot appears from sky to save a Greek hero from certain demise.