Bloomberg: When the time comes to let somebody else be CEO, how about staying on as chairman?



Larry Fink of BlackRock: That would be a disaster.



Bloomberg: Why?



LF: Because it’s unfair. When I leave, I’m going to leave. I only know of a few examples where the CEO stayed on as chairman. It doesn’t work. Leave. Make sure that when you leave, you’re there to provide advice when asked, but leave and allow the new leadership to create their identity.

— Larry Fink on CEO successions