Dennis Carey has devoted much of his time training CEOs as depicted by the establishment of his CEO Academy. In his article Leadership Development: What New CEOs Can Learn from Old CEOs, Carey stressed the importance of gathering CEOs to take part in a day-long seminar that would help them in dealing with their corporate responsibilities and obligations. He conducted this mechanism for CEOs to gather together twice a year in order to learn more about their jobs.
Carey stressed that this focused communication is important in order to help CEOs properly address their corporate obligations. He noticed that most CEOs arrive to take on a very challenging responsibility without enough preparation. And that even those who have been carefully groomed for succession suddenly realized that their experiences were not enough to fully be armed for the special job circumstances that face the new CEO.
Senior Managers may have been responsible for a small unit of the company, but they were members of the chain of command, not really the ones making those big decisions. Aside from that, most new CEOs have never tried presiding a board meeting. According to Dennis Carey, these, and other pressures confront CEOs and they can better serve their companies when they have been formally prepared for these issues and how they can properly cope with the pressure.
Carey understands the difficulties CEOs go through as they fulfill their responsibilities and the encourages CEOs to help each other by sharing their thoughts and experiences so that other CEOs, especially the new ones, can learn and deal with their concerns in a most efficient manner.
“That is why we have come to believe that CEOs need to learn what they can from others who have acquired, largely by trial-and-error, insights into how to run a company. We believe there is an immense and largely untapped body of knowledge on these subjects. It resides among the fraternity of experienced, seasoned, and retired CEOs who have been working in the trenches for many years. They may well be the best “executive education” resource for current and future CEOs.” – Dennis Carey
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