It offers a clear framework for understanding how executives gain, lose, and contest control over their organizations, across a 30-year span of study.

The work contrasts two competing ideas: one that CEOs entrench their power, and another that power decays and is constantly renegotiated. Through an event-history analysis, it shows how tenure, board composition, and performance interact to influence CEO succession. The result is a grounded look at how internal politics can shield leaders from market pressures, and how governance structures shape the fate of top executives.

Learn the two models of power in organizations: institutionalization versus circulation, and how they predict CEO behavior.
See how board dynamics, such as the mix of inside and outside directors, affect a CEO’s ability to steer the firm.
Explore why poor performance does not always trigger turnover, and how obsolescence and contestation drive change over time.
Discover implications for understanding corporate governance, succession, and leadership strategy in large public firms.

Ideal for readers of corporate governance, organizational politics, and executive leadership, this edition sheds light on why a CEO’s grip can loosen even as a company faces tough times.

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**Please note our transit times are from the date of dispatch.** We first started out as ?The Paperback Exchange,? a chain of physical bookstores where we would part exchange your beloved books for new stories to transport you to faraway places. However, as shopping started to evolve to online shops and marketplaces, we bid our stores goodbye to become ?PBShop.? This transition has only allowed us to blossom as we now ship thousands of titles to book lovers across the globe. We pride ourselves in being a community of local book lovers which allows our passion and devotion to shine in everything we do. In 2020 we not only celebrated our 20th birthday but our 1st birthday as being completely employee owned after becoming an E.O.T in September 2019. We are proud to be different and embrace standing apart on a book mountain by working from a virtual inventory which allows us to provide thousands of books that may be difficult to get for your bookshelf or your studies. Working with a number of different suppliers allows us to explore other avenues such as puzzles, sheet music and even stationery so we really do have something for everyone. Life is about being versatile in all realms of existence. If this is your first purchase with us, or you are a returning customer, we would like to welcome you to the PBShop family, for there is no friend as loyal as a book. We are a company who put our customers at the centre of everything we do as we understand the importance of reading because once you learn to read, you will forever be free. There are a whole lot of things in this world of ours that we are yet to explore, which is why we will forever inspire curious minds.

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Order quantity	10 to 20 business days	10 to 20 business days
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