Why the media’s whisper campaign about a Goldman Sachs change at the top is misleading gossip, at best

g (Credit: Dia Dipasupil/Getty Images for Lincoln Center)

As chairman of the 1998 Blue-Ribbon Commission on CEO Succession of the National Association of Corporate Directors, I vividly remember the enthusiastic and unanimous discussions among my fellow commissioners. We advised that good boards must, among other things:

1) conduct ongoing reviews of internal and candidates for the top job and not wait to act only if there is performance or health crisis