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From the Editor's Desk

The CEO's Guide to Retirement

"I don't quite know what to do next," said Simon, a media CEO. Simon had been a chief executive for 15 years, and CFO before he was 30. He had turned around private and public companies, quadrupled profits and quintupled revenue. But, with his company recently sold, Simon was considering retirement. Like many CEOs, he had had no time to plan his retirement - all his focus had been on running the company.

Each year, over one hundred CEOs retire from the S&P 1000. Even in the most well-oiled CEO succession processes, one piece is almost always missing: preparing the current CEO for the next phase in his or her career. "I was so focused on the CEO job, I didn't spend time figuring out what I would do next," says Scott Davis, former CEO of UPS. Bill Weldon, former CEO of Johnson & Johnson, echoes what most CEOs tell us, "I didn't do a lot of thinking about post-employment while I was still the CEO. As a result I went off the off ramp at 110 miles an hour and quickly hit zero. Retirement was a black hole."

On average, CEOs step down at age 62, relatively young by today’s standards. Few have to work for a living. But almost all want to work, and they do. We studied the post-CEO careers of 50 Chief Executives in the Fortune 500, and interviewed 13 of them. Not one retired to the golf course.

Continued here


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Modi’s ‘Digital India’ still a far-fetched dream for hinterland; not even 30% of rural India has internet

Broadband penetration in rural India is limited to a mere 29.2 per cent, as on 31 March 2020.



Today's TradeBriefs Cartoon

Print media most credible for news: Ormax Media report | Digital

Among social media, Twitter is the most trustworthy medium

Chasing millionaire dreams: Tech, real estate, infra, and now digital?

The latest fever sweeping through the nation, other than Corona, appears to be digital. Happiest Minds Technologies more than doubled on Thursday after receiving bids 150 times the shares it offered in an IPO.

Why Amazon wants a bigger share of India's mobile payments market

The Jeff Bezos-led firm now allows Indian users to book movie tickets and flight tickets, as well as pay their electricity, water, cooking gas, broadband, and satellite TV bills.

Cybersecurity strategies in the era of digital transformation acceleration

Kalpesh Doshi, CISO, India at FIS talks about which strategies CISOs should adopt to adequately manage cybersecurity operations.

No regulation for OTT sector upholds the vision of digital India, says IAMAI

According to the association, the digital services under consideration are suitably regulated by the Information Technology Act or the forthcoming Data Protection framework or cybersecurity provisions being discussed

Big Deal: Digital thrust brings data centres in the limelight

The data centre market in India is booming, thanks to the digital revolution.Get latest Technology online at cnbctv18.com

India needs to focus on small satellites for Digital India: Niti Aayog member

Dr VK Saraswat, member of the Niti Aayog said that India needed to focus on small satellites (smallsats). He said small satellites would play a major role in the coming years. He was speaking at an international space conference on 'Ushering the new in Indian Space Sector' Small satellites (smallsats) is a generic term used to refer to satellites that weigh lesser than 500kg. 

Court notices go digital, to be served through mobile apps

e-seva centres have all been upgraded with e-court services portal and the same was also launched on Thursday by the Madras High Court.

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