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Case 2-1 THE CEO RETIRES *
Dan Murphy awoke at 5:45 a. m., just like he did every workday morning. No matter that he went to sleep only four hours ago. The Orange Bowl game had gone late into the evening, and the New Year ' s Day party was so good, no one wanted to leave. At least Dan could awake easily this morning. Some of his guests had lost a little control celebrating the first day of the new year, and Dan was not a person who ever lost control.
The drive to the office was easier than most days. Perhaps there were a great many parties last night. All the better as it gave Dan time to think. The dawn of a new year, his last year. Dan would turn 65 next December, and the company had a mandatory retirement policy. A good idea he thought, to get new blood in the organization. At least that ' s what he thought on the climb up. From just another college graduate within the corporate staff, all the way to the chief executive officer ' s suite. It certainly is a magnificent view from the top.
To be CEO of his own company. Well, not really, as it was the stockholders ' company, but he had been CEO for the past eight years. Now he, too, must turn the reins over.“ Must,” now that ' s the operative word. He knew it was the best thing for the company. Turnover kept middle management aggressive, but he also knew that he wouldn ' t leave if he had a choice. So Dan resolved to make his last year the company ' s best year ever.
It was that thought that kept his attention, yet the focus of consideration and related motivations supporting such a strategy changed as he continued to strategize. At first, Dan thought that it would be a fine way to give something back to a company that had given him so much. His 43 years with the company had given him challenges that filled his life with meaning and satisfaction, provided him with a good living, and made him a man respected and listened to in the business community. But the thought that the company was also forcing him to give all that up made his thoughts turn more inward.