Alibaba's Jack Ma spent 10 years preparing for his retirement [CNBC]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: CNBC
Alibaba's Jack Ma spent 10 years preparing for his retirement When Alibaba's Jack Ma retired from the company last month The 55-year-old announced in September 2018 Speaking at the Forbes Global CEO Conference on Tuesday, Ma said he was first awoken to the idea of retiring in 2004, when a venture capitalist told him he wasn't "qualified as CEO." But it was in 2009, when the company hit its 10 year anniversary, that his succession planning began in earnest. "That day I started to think I should prepare for my retirement," Ma told audiences in Singapore "That day I decided my 20 year anniversary, the year 2019, September 10, will be the day I'll leave," he said. You should never have a copy of Jack Ma. One Jack Ma is too much for the company. founder of Alibaba Ma has often said he would like the company he founded in 1999 to endure for 102 years, so as to span three centuries. To help realize that vision, Ma said he and his team developed a robust leadership system, which values new wa
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