Rejuvel Bio-Sciences Inc (NUUU)

[david444]

Just as a reference.

Not expecting anything bad to happen to Charles, but here’s some information on what can happen if CEO is incapable. The 2nd in command can become the CEO. David is a board of director, and is 2nd in command. In fact I feel he is the first in command, given the shoplc airings, website redesign etc.
https://www.quora.com/What-happens-when-a-CEO-dies-unexpectedly-and-the-company-has-no-CEO-succession-plan

What happens in unplanned situations? Well, you improvise to make the best of a bad situation. Sure it seems impossible to look at such a situation in a positive way. But trust me, you can turn this situation to your advantage.

Here’s the long and short of it:

IN THE SHORT TERM – You need to have an ‘Acting CEO’ who will take care of the immediate requirements from the next working day itself. And no the ‘Acting CEO’ is not the next of kin. It’s the next person in command or the second-in-charge after the CEO.

One thing you need to know is that even if you don’t have a succession plan, doesn’t mean that your organization does not have high potentials. You don’t necessarily need a high potential identification program to identify the top performers. Actions speak better than tests.

THE LONG TERM SOLUTION: There are two ways to go in this situation

1ST OPTION: In-House Successor to Carry out Business as Usual: what you are looking for is the Satya Nadellas in your company (although he was a certified high potential in line for succession for quite some time). Simply put, you are looking for people who are

1) Stable and highly dependable

2) Consistent high performers

3) Always exceeded expectations

4) People friendly and yet authoritative

5) Strong at decision making