India Inc is increasingly hiring 'temporary CXOs'
A mid-sized manufacturing company wanted to consolidate its business by shutting down one of its factories. But it didn’t have a person in a senior leadership position who could handle the various aspects of a closure, including labour and compliance issues. Hunting for a full-time top exec would have cost the firm time and money. It, therefore, roped in a ‘temp CEO’, who not only finished the job in about nine months but also found a buyer for the unit...
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