On June 14, 2006, Graham Allaway received a shocking call in his office. His boss, Samuel "Skip" Ackerman, had just walked off the stage at an investors' conference in New York City and suffered an apparent heart attack. Within hours, Ackerman, the energetic chief executive officer of Panacos Pharmaceuticals, would be dead. Allaway, the company's chief operating officer, found himself staring down a crisis.
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A Receptive Leader
Some executives would have left a company after being demoted. Graham Allaway didn't do that at the HIV therapeutics company Panacos, and it's better because of it.
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