A tremendous amount of research has been collected about Physician Burnout some well documented, others anecdotal. Researchers have been studying the condition since the 1970’s but little has been done to address the issue and it is becoming increasingly wide spread: more than one-half of US physicians experience substantial symptoms of burnout during their careers.
Much is written about succession planning. But what happens when the family CEO dies in the saddle with no identified successor? Here is a case of a $90 million founder-managed business that went through this unfortunate situation, how it ultimately resolved and some lessons learned.