BUSINESS

The Challenges of Retiring from a High-Powered Job

A sight at seven frequent pitfalls — and elevate faraway from them.

January 05, 2024

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  • Every year, thousands of executives retire from long and profitable company careers. Nonetheless few are inspiring for the roam they’re about to embark on. In step with conversations with dozens of highly revered broken-down chief executives, the authors identified seven frequent mistakes, ranging from no longer preparing a ways ample upfront to pondering that you just can count to your gift first rate community to no longer realizing that behaviors that labored for you as an executive can work in opposition to you in retirement.

    It was mid-summer season 2020, and Ginni Rometty, the chairman and CEO of IBM, had six months closing on her almost about 40-year occupation with the firm. Her longtime mentor, the revered broken-down CEO of IBM, Lou Gerstner, had reached out to quiz a assembly. “He desired to quiz how my retirement planning was coming alongside. Truth be suggested, I hadn’t begun to keep in mind it. I was quiet working the firm elephantine time and had no longer been ready to position apart the time,” Rometty suggested us.


    • Rick Smith is an executive occupation coach, serial entrepreneur, and co-founding father of ONYX, an invite-ideal community for novel and broken-down CEOs of the sphere’s most influential companies. He’s also the founding father of World 50, the sphere’s main senior executive community and learning group, as successfully as G100 NGL, CNEXT, Fleet Radius and Bionic. He’s the Wall Avenue Journal easiest-promoting creator of three books on first rate occupation administration, and a serious-stage TED speaker.


    • Maggie Wilderotter is a co-founding father of ONYX, an invite-ideal community for novel and broken-down CEOs of the sphere’s most influential companies. She is also a seasoned executive who was CEO of challenge startup Wink Communications for 5 years and CEO of Fortune 500 firm Frontier Communications for 12 years. Maggie has served on 51 company boards in her occupation, and he or she currently sits on six company boards and is a senior handbook to seven firms. Maggie also owns a vineyard in California with her husband Jay.


    • Dennis Carey is vice president of KornFerry and co-founding father of ONYX, an invite-ideal community for novel and broken-down CEOs of the sphere’s most influential companies. He has recruited directors and CEOs for a lot of the most prestigious firms in The united states, served on several boards, taught company governance on the Wharton College, and co-authored seven books on formula, abilities, and risk. He primarily based the CEO Academy and ThePrium, each of that are easiest in college forums for company leaders. He has held post-doctoral fellowships at Harvard and Princeton.


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