My thoughts on retained executive search firms - what they are and why you should use them!
At senior levels, the real cost of a bad hire is the damage done. Strategic damage. Reputational damage. Cultural damage. CEOs and senior executives are paid to make impactful decisions. Just six months of poor leadership can have an impact on an organization that can be hard to quantify. However, a bad hire given more time can cause real damage. Take George Shaheen who joined Webvan when it was one of the most exciting stars of the Dot-com bubble, spent $1.5 billion and, 18 months later, saw the business go into Chapter 1