Alex Ferguson, former manager of Manchester United, once offered this universal truth about how to behave towards a successor: “It is unfair … to try and retain the authority you once possessed. You have to let go and let the new man and the new regime do what they think is best.” Sir Alex was being rather disingenuous. After David Moyes took over from him in 2013, the legendary coach stayed on as a club director. TV cameras recorded his every frown as he watched Moyes’s flailing efforts from the stands. Sir Alex wrote in his 2015 book that they were trying “to catch me acting like Statler or Waldorf, the two curmudgeons in The Muppets, who are always criticising what is happening on the stage”. It may not have been a deliberate haunting, but it probably felt like that for Moyes. He was sacked after only 10 months. The uneasy detente between Travis Kalanick and his successor as Uber’s CEO, Dara Khosrowshahi, reminded me of the Statler and Waldorf risk. Kalanick is still on the rid...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.