Do You Have the “Fat and Happy” Syndrome?

A CEO who develops a reputation as a turnaround specialist is likely to be wooed by other struggling companies to accomplish the same magic for them. To accomplish this, the CEO often tries to “put the band back together” by going out and rehiring the team that made the first turnaround so successful. The problem is that a lot of those executives may be fat and happy by now – they made their money on the first deal and no longer have the fire, the energy, or the desire to work those sixty-hour weeks again. Putting the band back together might work for the Eagles, but in the business world, people often end up singing an unhappy tune.

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