An interesting post on this webpage here a few days ago. It's worth posting for all to read. Thank you to the contributor:
"Ex-CEO Jim Blaine is an interesting case study in CEO retirement and succession planning. Truly fascinating. The psychology of Jim Blaine represents a strong desire to continue to maintain his stature as SECU’s leader, possibly much underestimated by the board. Blaine’s heroic view of himself and his mission is self-evident, and this leadership style can be characterized as one that places a strong sense of self-identity on both the status as a leader and the mission that it represents. Considering this psychology, it is not surprising to see the fight that is ensuing. Like many other large organizations that have had long-tenured CEOs and power struggles that result from succession planning, those ex-CEOs that fight the process must either be forced out or they maintain control until their death, in what often represents traumatic episodes for the CEO, exec leadership, board, and ultimately the organization as a whole. SECU has a critical decision to make regarding its desire for the influence and power of Jim Blaine. Some of the questions and issues brought up in his informal blog are worthy points of discussion, but the style and mannerisms are done in a way that subverts the leadership succession process—and at times the content is downright harsh and one-sided. For those that value respect one might question the integrity. However, it’s clear that if Jim Blaine does not approve of SECU leadership then he will seek to undermine them, in what appears to be for him an important extension of his life’s work and self-worth. Understanding this psychology will be important to assessing the path forward."