A Triple Shot Of Succession | How Not To Regret A Career Move | The Stagnant Pay Gap For Female Managers

ADVERTISEMENT

Happy spring🌷, everyone. Time for new beginnings and, apparently, new CEOs. This week in Forbes Careers:

–At Starbucks, an old CEO is new again. What does that mean for succession?

–Two questions to avoid regretting a career move

–Jobs for Ukrainian refugees

Last week, Starbucks announced that Howard Schultz is coming back as CEO—again—marking his third tour of duty as the coffee chain’s chief executive. It’ll be on an interim basis this time, but it left many governance experts scratching their heads: Why wasn’t someone ready to step in? How could this hurt recruiting his successor? What does this have to do with Starbucks’ employees’ current unionizing campaign?

While the answers to those questions are unclear, when I spoke to them last week they all agreed that in most cases interim chief executives spark their own challenges, and not having someone ready can signal bigger issues. Such “boomerang” CEOs can “essentially operate in a repeat methodology,” one executive search consultant told me. “But things change. [The] solutions five years ago are not necessarily good solutions now.”


Of course, succession matters not just at the CEO level of a multinational coffee behemoth, but in any job and any sized business. Having a CEO retire without a permanent successor named is a red flag about the board, writes contributor George Bradt. Small businesses—or any company with family owners—can have their own outsized challenges, as any watcher of the Roy family from HBO’s Succession series knows, write Bill Conerly and Edward Segal. And all too often, writes contributor Dan Pontefract, the focus of succession planning remains on up-and-coming leaders who do nothing but devote all their time to work. What do you think: Is Schultz coming back an asset for Starbucks? Or is it a sign of other issues?

Jena McGregor

Jena McGregor

Senior Editor, Careers and Leadership Strategy

 
Why It Seems Like The World Has Abandoned Brittney Griner
 
 
Why It Seems Like The World Has Abandoned Brittney Griner

The fate of WNBA All-Star and Olympic gold medalist Brittney Griner has seemed to take a turn for the worse. CNN reported Thursday she will be held in detention in Russia until May, citing a Russian news source. Many have wondered why there hasn’t been more outrage over Griner’s detention—but the muted communications strategy may actually be Griner's best path to freedom, Forbes’ Jared Council writes. It’s also a reminder of the uneven prospects for male and female professional athletes: Griner, a two-time Olympic gold medalist, is like many women who go overseas during the off-season of the WNBA, where the maximum base salary is $228,094.

Read The Full Story →

Work Smarter

Worried about regretting a career move? Ask these two questions in your job interview. 

Here are six tips for coping with a toxic work environment.

Over “hustle culture?” Four ways to shift to more realistic expectations and a more reasonable pace of life.

The most essential leadership skill right now might just be the ability to heal divides.

Increasing your negotiating skills starts with finding a way to
build your confidence.

On Our Agenda

It’s not just you: A new survey of more than 9,600 U.S. employees released March 17 by Willis Towers Watson finds more than half are open to leaving their current job, and 44% were actively looking for a new one during the fourth quarter of 2021 or planned to in the first three months of this year. 

Toward a “corona-normal” future workplace: Better Life Lab, an initiative of the think tank New America, published a definitive new report about where work is headed with an on-point rundown of what’s in and out in our new world of work. What’s in: deep work, stable schedules and a “Chief People Officer focused on employee experience.” What’s out: interruptions, unpredictable “clopenings” and a “Head of HR focused on compliance.” 

Narrower for some, unchanged for managers: To mark last week’s Equal Pay Day, the U.S. Government Accountability Office published a new study which shows that while the pay gap for women in the U.S. workforce has become smaller over time, the pay gap for women in management has not. “Since GAO last reported on this topic in 2010, using data from 2007, the percentage of managers who are women has increased by about 2 percentage points, and the pay gap between female and male managers has not changed,” reported the non-partisan agency. 

Help for hire: Thinking about a career as a management consultant—or need to hire one of your own? Forbes’ list of America’s best management consulting firms,in partnership with Statista, ranks the outfits recommended by some 1,300 senior executives.

Refugee resumes:
The New York Times reports that job boards are overflowing with offers of employment for refugees from Ukraine in Europe. The country is recognized for its skilled workforce, the Times reports, boasting the largest tech engineering workforce in Central and Eastern Europe.

Book Club

Former Jamba Juice CEO James D. White’s new book, Anti-Racist Leadership, comes with a warning for any readers not ready to take the issue head-on: “This book is not apolitical. This book is explicitly anti-racist. … This book acknowledges that capitalism is built on a foundation of systemic racism,” reads the description of the book, co-authored with his daughter Krista. “There’s no room to straddle the fence,” White told me in an interview earlier this year. “We’ve come to this tipping point in our society where we really have to take a stance.” 

ADVERTISEMENT

Recommendations
From Beyond The Newsroom

Forbes

You’ve received this email because you’ve opted in to receive Forbes newsletters.

Unsubscribe from Careers.

Manage Email Preferences | Privacy

Forbes Media | 499 Washington Blvd.

Jersey City, NJ 07130

Older messages

A rare mega-deal for Warren Buffett

Tuesday, March 22, 2022

Kevin Dowd and Becca Szkutak Staff Writers On February 26, in his annual letter to shareholders, Warren Buffett wrote that when he and his Berkshire Hathaway colleagues surveyed the current stock

Ukraine’s Drone Defense | Tesla's European Plant Opens | Hunting Putin's Super Yacht

Tuesday, March 22, 2022

Plus: While Russians Bombs Fall Around Them, Ukraine's Engineers Battle To Keep The Internet Running ADVERTISEMENT Forbes Good morning. Nearly a month since Russia's invasion, Ukraine's

🚨 Red alert

Tuesday, March 22, 2022

CryptoCodex Forbes Billy Bambrough Forbes Senior Contributor Forbes Good Tuesday morning. This is Billy Bambrough, getting you up to speed with the bitcoin and crypto latest. 📧 Thank you for reading

Ginni Thomas Donated $15,000 To GOP Campaigns, Including Trump’s

Tuesday, March 22, 2022

Zach Everson Staff Writer MARCH 21, 2022 The spouse of Supreme Court Justice Clarence Thomas, Ginni Thomas, has contributed at least $15000 to Republican political committees, according to federal and

Study suggests Evushield protects against omicron

Monday, March 21, 2022

Plus: Austria reinstituting mask mandates as Covid surges ADVERTISEMENT Forbes | InnovationRx AstraZeneca's antibody cocktail Evushield has been a lifeline for immunocompromised patients since it

You Might Also Like

☕ Great chains

Wednesday, January 15, 2025

Prologis looks to improve supply chain operations. January 15, 2025 View Online | Sign Up Retail Brew Presented By Bloomreach It's Wednesday, and we've been walking for miles inside the Javits

Pete Hegseth's confirmation hearing.

Wednesday, January 15, 2025

Hegseth's hearing had some fireworks, but he looks headed toward confirmation. Pete Hegseth's confirmation hearing. Hegseth's hearing had some fireworks, but he looks headed toward

Honourable Roulette

Wednesday, January 15, 2025

The Honourable Parts // The Story Of Russian Roulette Honourable Roulette By Kaamya Sharma • 15 Jan 2025 View in browser View in browser The Honourable Parts Spencer Wright | Scope Of Work | 6th

📬 No. 62 | What I learned about newsletters in 2024

Wednesday, January 15, 2025

“I love that I get the chance to ask questions and keep learning. Here are a few big takeaways.” ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌

⚡️ ‘Skeleton Crew’ Answers Its Biggest Mystery

Wednesday, January 15, 2025

Plus: There's no good way to adapt any more Neil Gaiman stories. Inverse Daily The twist in this Star Wars show was, that there was no twist. Lucasfilm TV Shows 'Skeleton Crew' Finally

I Tried All The New Eye-Shadow Sticks

Wednesday, January 15, 2025

And a couple classics. The Strategist Beauty Brief January 15, 2025 Every product is independently selected by editors. If you buy something through our links, New York may earn an affiliate commission

How To Stop Worrying And Learn To Love Lynn's National IQ Estimates

Wednesday, January 15, 2025

... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

☕ Olympic recycling

Wednesday, January 15, 2025

Reusing wi-fi equipment from the Paris games. January 15, 2025 View Online | Sign Up Tech Brew It's Wednesday. After the medals are awarded and the athletes go home, what happens to all the stuff

Ozempic has entered the chat

Wednesday, January 15, 2025

Plus: Hegseth's hearing, a huge religious rite, and confidence. January 15, 2025 View in browser Jolie Myers is the managing editor of the Vox Media Podcast Network. Her work often focuses on

How a major bank cheated its customers out of $2 billion, according to a new federal lawsuit

Wednesday, January 15, 2025

An explosive new lawsuit filed by the Consumer Financial Protection Bureau (CFPB) alleges that Capital One bank cheated its customers out of $2 billion. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏