17 September 2005

The fall and rise of a CEO

Read about how David Pottruck, former CEO of Charles Schwab, went from being fired at Schwab, to chairman of a startup.
The process that is described is compared to the loss of a loved one. So the article at the website of Fast Company Magazine is not only of interest to leaders and managers who want to know what emotional rollercoaster they can expect after being layed off.
That process goes from:
  1. Shock and Disbelief, through
  2. Developing Awareness, and
  3. Restitution, and
  4. Resolution of the Loss, to
  5. Recovery
One should however remember, that as clear and concise it was written down here, it is not a linear process. It should be more likened to a itterative process. At every step in the process you can fall back into a previous fase of fases. And the way and how fast you go through the process also depends on your personality, your surroundings. It is even possible to get stuck in one of the fases.

Excerpt from an article on Fast Companies website.

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