;#Faculty News;# | | 22
Avon Said to Plan Global Restructuring Amid Declining Profit
Re: Jay W. Lorsch
"Most people looking to be a CEO don't want to go to a company where their predecessor is now chairman," Lorsch said yesterday in a telephone interview. "When that's the case, your board will feel inhibited and you as the new CEO will feel inhibited, so it's seen as a bad idea, even when a company doesn't face legal or other problems."