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GOVERNANCE WHAT AMERICAN POLITICS CAN LEARN ABOUT SUCCESSION PLANNING FROM AMERICAN CORPORATIONS

August - September 2024

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Fortune US

A POPULAR ADAGE about leaders says the most effective of them build self-sufficient organizations. If the conductor leaves, the orchestra plays on.

- LILA MACLELLAN

GOVERNANCE WHAT AMERICAN POLITICS CAN LEARN ABOUT SUCCESSION PLANNING FROM AMERICAN CORPORATIONS

But let's be honest: That's not true for many of today's most influential leaders, in business or politics. Instead, as this year's run-up to the U.S. election has made plain, we often elevate leaders who believe they're irreplaceable. Without me, the entire enterprise disintegrates, these leaders seem to think. The music stops.

Now Americans are watching in real time the problems this can cause. Less than a month before the start of the Democratic National Convention, the 81-yearold sitting president, Joe Biden, has capitulated to demands from within his party that he stand down from his campaign for a second term and make way for a younger candidate. His decision has won praise, although some say, as Frank Bruni put it in the New York Times, that it came "weeks later than it should have, after too much secrecy, too much arrogance, too much denial."

At the time of writing, the Democrats are scrambling to build a process for finding a new nominee. Biden endorsed Vice President Kamala Harris, and she is seen as the frontrunner after several powerful Democrats—but not all—quickly backed her.

The Democrats may still pull off a successful transition to a new candidate, but no one would say it has been a smooth process so far. And Biden’s critics say his administration has failed to give Harris opportunities to demonstrate her ability to lead (a complaint that could be made about previous administrations, too). Having an emergency line-of-succession plan is not the same as building up the party’s next presidential contender.

المزيد من القصص من Fortune US

Fortune US

Fortune US

GET READY TO OWN A TOKENIZED PORTFOLIO

A BLOCKCHAIN \"FREIGHT TRAIN\" IS ALREADY REMAKING WALL STREET'S FINANCIAL PLUMBING. IT COULD MAKE TRADING EVEN FASTER AND CHEAPER

time to read

6 mins

December 2025 - January 2026

Fortune US

RESOURCES HOW RARE EARTHS BECAME GROUND ZERO IN THE U.S.-CHINA RIVALRY

THE WATERSHED moment came in July when the federal government became the largest shareholder of MP Materials, a California miner of rare earth elements.

time to read

2 mins

December 2025 - January 2026

Fortune US

Fortune US

PASSIONS A BLISSFUL ESCAPE FROM DECISION FATIGUE

THE TASTING MENU at Uberto ends, like many others at restaurants of this caliber, with mignardises.

time to read

4 mins

December 2025 - January 2026

Fortune US

Fortune US

JAMIE DIMON OF JPMORGAN CHASE ON STEERING AMERICA'S BIGGEST BANK THROUGH 'INFLATIONARY' TIMES

CEO JAMIE DIMON has led JPMorgan Chase through periods of rapid change and epic turmoil—and Jan. 1, 2026, will be his 20th anniversary in the role.

time to read

6 mins

December 2025 - January 2026

Fortune US

Fortune US

WHAT TO BUY, AND NOT BUY, IN 2026

THREE YEARS OF EUPHORIA IN STOCKS AND OTHER ASSETS HAVE INVESTORS BRACING FOR TROUBLE. HERE'S WHAT TO DO IF BAD NEWS ARRIVES.

time to read

7 mins

December 2025 - January 2026

Fortune US

Fortune US

Breaking the Mold

The Trade Desk's Al-powered platform and open-web ethos has propelled it onto the S&P 500.

time to read

2 mins

December 2025 - January 2026

Fortune US

Fortune US

WINE TARIFF THREATS AND GEN Z SOBRIETY HAVE PUT BORDEAUX ON RED ALERT

IN THE TASTING room of a Bordeaux winery, a photo on the wall shows a pastoral tableau: three generations of the Dubois family, sipping wine on the patio of their Les Bertrands château, with their Australian shepherd, Namek, perched at their feet.

time to read

6 mins

December 2025 - January 2026

Fortune US

Fortune US

HOW AN AI BUBBLE COULD RUIN THE PARTY

IF AI REVENUE DOESN'T CATCH UP WITH AI SPENDING, GLOBAL STOCKS WILL BE AT RISK.

time to read

6 mins

December 2025 - January 2026

Fortune US

Fortune US

INNOVATION IS THE ERA OF ROBOT-DRIVEN UNEMPLOYMENT ALMOST UPON US?

AT A PRESS EVENT LAST YEAR, Amazon Robotics chief technologist Tye Brady told Fortune that the idea that there's a battle of robots versus humans inside Amazon's warehouse network is a “myth.”

time to read

5 mins

December 2025 - January 2026

Fortune US

Fortune US

Nvidia is invincible. Unless it isn't.

The doubters are coming for the world's most valuable company.

time to read

11 mins

December 2025 - January 2026

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