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Musical chairs

12 December 2002 By Hugo Dixon, Hugo Dixon

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Musical chairs

12 December 2002 By Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon

The solution is to give new chairmen a significant slice of the upside. Pay them with shares. In the UK, bombedout companies like C&W, Corus and RSA are finding it hard to recruit new chairmen. The reputational risk is too great.

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