Recruiting Selection and Staffing Assignment ESSAY

Recruiting Selection and Staffing Assignment

*PLEASE USE ONLY SCHOLARLY SOURCES*

Scenario
Lone Star Bank, based in Amarillo, is the fourth largest bank in Texas. The president
and CEO, Harry “Tex” Ritter, has been with the company for 30 years, the last 12 in his
current position as president and CEO. The last three years have been difficult for Lone
Star, as earnings have been below average for the industry, and shareholders have
grown increasingly impatient. Last month’s quarterly earnings report was the proverbial
last straw for the board. Particularly troublesome was Ritter’s failure to invest enough of
Lone Star’s assets in higher-yielding investments. Though banks are carefully regulated
in terms of their investment strategies, Ritter’s investment strategy was conservative
even for a bank.
In a meeting last week, the board decided to allow Ritter to serve out the last year of his
contract and then replace him. An attractive severance package was hastily put
together; when it was presented to Ritter, he agreed to its terms and conditions.
Although the board feels it has made a positive step, it is unsure how to identify a
successor. When they met with Ritter, he indicated that he thought the bank’s senior
vice president of operations, Bob Bowers, would be an able successor. Some members
of the board think they should follow Ritter’s suggestion because he knows the inner
workings of the bank better than anyone on the board. Others are not sure what to do.

Directions
Prepare a response for each item, and include support from scholarly resources with
APA citations.

1. Evaluate and explain how Lone Star should go about finding a successor for
Ritter.
2. Determine and explain if Bowers should be recruited to be the next CEO. Justify
your reasoning.
3. Determine and explain how other internal candidates should be identified and
recruited.
4. Analyze and describe whether or not Lone Star needs a succession plan for the
CEO position.
5. Describe how you would advise the board in setting up such a
plan.
6. Analyze and describe whether or not Lone Star should have a succession plan in
place for other individuals at the ban7. Justify your reasoning.

(4-5 sentences per question)

Recruiting Selection and Staffing Assignment ESSAY

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