While there’s no indication of improprieties, everything communicates. The choice of a new CEO speaks volumes about the board’s direction. More often than not, the choice of a General Counsel suggests a defensive posture. We’ll see if that’s the case here.

There’s an argument to be made that the days of business school-trained general managers are fading even faster than Fluor’s viability. That argument suggests the future belongs to specialists; and that those starting careers should pick one area in which to become expert.

Maybe. But I’m not sure.

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