Cryptic crossword clue
Like company chairman in need of a lifeline? 9

The most common and most likely answer to this crossword clue is the 9 letter word OVERBOARD

I've seen this crossword clue in Financial Times
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Buddy explains!

The straight part
We know that "in need of a lifeline" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case in need of a lifeline = overboard.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does OVERBOARD mean?

OVERBOARD verb
  1. To throw over the edge of a boat into the water.
OVERBOARD adjective
  1. Outside of a boat, in the water
OVERBOARD adverb
  1. Over the edge; especially, off or outside of a boat.
  2. Excessively; too much.

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