Many of the companies I deal with have baby boomer senior managers who own substantial portions of their companies. Every one of these companies will experience management transitions over the next one, two, five or ten years or so. Isn’t it better to plan ahead for these critical transitions for the good of your fellow owners, their families, your employees, your customers and on?

Don’t be caught like Mr. Balmer and Microsoft’s board, in a trap with no apparent solution.