New data from BCG shows why the CEOs best at running companies are often the worst at leaving them

A working businessman at a desk (Credit: Maskot - Getty Images)

• In today’s CEO Daily: How CEOs can plan for successful retirements.
• The big leadership story: Bank of America is worried about bonds.
• The markets: Mixed as inflation expectations tick up.
• Plus: All the news and watercooler chat from Fortune .

Good morning. Phil Wahba writing from New York. Earlier this month, I wrote about how more companies, among them Verizon, Boeing and Cracker Barrel, have been hiring CEOs out of retirement, often in times of crisis. But why do these CEOs, who are presumably wealthy enough to never work again, accept a grueling new assignment in their sixth or seventh decades? A new study suggests an answer: They simply weren’t prepared for retirement.