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Thu, Jan 17, 2008 16:37 EST

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Posted by: Meridith Levinson in News Topic: Personal ManagementBlog: Movers and Shakers
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Last week's news about Howard Schultz's return to the helm of Starbucks as CEO got me thinking about second acts. They're fairly common for CEOs. A year ago, Michael Dell was called back to the executive suite to revitalize the computer maker's growth. And Charles Schwab was reinstalled as CEO in July 2004, after having stepped down from that same role just 14 months earlier, in May 2003.
Second acts don't seem to be as common for CIOs—or any business executive other than CEOs for that matter.
Paul Groce, the partner who leads executive search firm CTPartners' CIO practice, and his colleague Dan Kaplan, put their heads together and came up with the names of just two CIOs who've had second acts: Brian Light at Staples and Preston Bradford at Sapient.
Groce says retired CEOs get called back because of their exposure and accountability to shareholders. It's much less common for other C-level executives—whether CIO, CFO or COO—to be brought back because shareholders don't associate them with corporate success, he adds.
"If the CEO leaves and the company's stock suffers, the shareholders view that person as the savior who needs to return," says Groce. "Who has driven the return of the CEO? It's the board and the shareholders."
Groce cited several other reasons why CIOs are much less likely to entertain second acts than CEOs:
I thought of two circumstances under which a CIO might be called back, however implausible:
Can you think of other CIOs who've left their companies or moved into different positions within their companies only to later be called back to their old role? Who are they?
CIOs don't get the same kind of credit as CEOs. Corporations are seen as a monarchy and the king is the one who gets the credit and the blame, ultimately.
I think one of the times you're going to end up getting your old CIO back is when the new one is punched and knocked out cold by a manager, as was the case for us.
Accurate review, in my opinion - generally the CIO role is short lived at an organization but he/she is also considered part of the executive management team which the CEO builds. Individuals that can move the stock price are the ones that will be considered crucial to the business thus the CEO. CIO’s need to define themselves as strategic, demonstrating value to the shareholders then the board will question bringing back a CIO but don’t expect the stock price to move.
The CIO and IT function continue to be relegated to outside the power hub. Nothing much has changed in twenty years. In 1985, I studied MIS theory in college, and really bought into the theory that IT was at the "center of the wheel", and learned the reality when I started working. IT was a necessary evil, an unknown cost, something to outsource. I was outsourced myself and now make my living this way. I almost left the outsourcing business to work for a CIO, who I later found out, was the only CxO not invited to board meetings. Summary, nothing much has changed. But, as the great philosopher Steven Tyler once said, "Don't give up!".
This is the saddest article that I've ever read. It is a sad state of affairs that the person in the hardest job in corporate America is considered expendable. CIO’s really need to take the message here to heart and look introspectively. And that means me too!