It's a common occurrence, a CEO leads a company to record earnings, retires and in just a couple of years, those once high-flying earnings are dropping like shot ducks.
Observers blame the new leadership team.
But most likely the observers are wrong. It's not just the new leaders who are screwing up. Look to him for what went wrong and what went wrong provides lessons for leaders at all levels. The reasons are clear but seldom recognized. They get back to the raison d' etre of leadership which is not the performance of the individual leader but the improved results of those being led.