Fahlenbrach, Rüdiger (contributor); … - 2007
firm. The former CEO of a firm is arguably the director with the most firm-
specific knowledge. Consequently, he can add …-specific knowledge, the former CEO does
not depend on the current CEO. Thus, the former CEO director can help in evaluating his … decision of the board is the hiring and firing of the
CEO. A former CEO, because of his firm-specific knowledge, may be able …