Separation Anxiety: Splitting the Chair, CEO Roles
July 21, 2009
Shareholders are pushing for companies to put different individuals into the roles of chairman and CEO. Here are some of the implications of such a move.
July 21, 2009
Shareholders are pushing for companies to put different individuals into the roles of chairman and CEO. Here are some of the implications of such a move.
NRG Board Rejects Takeover
July 8, 2009
NRG Energy has rejected a second, larger takeover bid from Exelon valued at $6.9 billion, saying the bid does not adequately reflect the value of the company.
July 8, 2009
NRG Energy has rejected a second, larger takeover bid from Exelon valued at $6.9 billion, saying the bid does not adequately reflect the value of the company.
Citigroup Board Faces Angry Shareholders
April 22, 2009
Citigroup’s annual meeting opened with a long line of cantankerous shareholders, chiding Citigroup for crippling losses and the board failing to shield the company from the credit crisis and recession.
April 22, 2009
Citigroup’s annual meeting opened with a long line of cantankerous shareholders, chiding Citigroup for crippling losses and the board failing to shield the company from the credit crisis and recession.
Genentech Names Roche CEO Chairman
April 15, 2009 by Joseph McCafferty
Roche Holding has announced that Arthur Levinson, the biotech company's chief executive, would stay on as chair of a new Genentech board charged with steering integration of the two companies.
April 15, 2009 by Joseph McCafferty
Roche Holding has announced that Arthur Levinson, the biotech company's chief executive, would stay on as chair of a new Genentech board charged with steering integration of the two companies.
Ten Must-Do’s for the Audit Committee This Year
February 1, 2009 by Mary Pat McCarthy
The New Year will pose significant challenges for boards and their audit committees.
February 1, 2009 by Mary Pat McCarthy
The New Year will pose significant challenges for boards and their audit committees.
Yahoo’s Election Disconnection
October 1, 2008 by Django Gold
In the year since the furor surrounding Yahoo’s 2007 shareholder meeting and then-CEO Terry Semel’s subsequent resignation, the beleaguered Internet giant’s affairs have continued to slide. Facing a botched—some critics would say sabotaged—deal with Microsoft and the increased ire of investors who had endured a steady decline in stock value, the Yahoo board looked like it was heading for another trip to the woodshed.
October 1, 2008 by Django Gold
In the year since the furor surrounding Yahoo’s 2007 shareholder meeting and then-CEO Terry Semel’s subsequent resignation, the beleaguered Internet giant’s affairs have continued to slide. Facing a botched—some critics would say sabotaged—deal with Microsoft and the increased ire of investors who had endured a steady decline in stock value, the Yahoo board looked like it was heading for another trip to the woodshed.
Economy: A Plan For All Seasons
June 5, 2008 by Karen M. Kroll
The corollary to “the more things change, the more they stay the same” is that no one can accurately predict what is going to change next. Economic forecasts range from dire to optimistic, and the march of unexpected events continues without end in sight. Seemingly solid financial institutions have been shaken by unforeseen market conditions; merger and acquisition transactions that appeared certain have fallen apart; and everyone from presidents to Fed chairs are coming under scrutiny and facing criticism. Harsh consequences for behavior that once appeared forgivable is now the rule, not the exception.
June 5, 2008 by Karen M. Kroll
The corollary to “the more things change, the more they stay the same” is that no one can accurately predict what is going to change next. Economic forecasts range from dire to optimistic, and the march of unexpected events continues without end in sight. Seemingly solid financial institutions have been shaken by unforeseen market conditions; merger and acquisition transactions that appeared certain have fallen apart; and everyone from presidents to Fed chairs are coming under scrutiny and facing criticism. Harsh consequences for behavior that once appeared forgivable is now the rule, not the exception.
HBG Holdings Announces New Board
November 27, 2007 by Joseph McCafferty
HBG Holdings, the Dubai-based private equity firm, announced the appointment of a new board of directors as well as the start of a comprehensive corporate governance.
November 27, 2007 by Joseph McCafferty
HBG Holdings, the Dubai-based private equity firm, announced the appointment of a new board of directors as well as the start of a comprehensive corporate governance.
Kozlowski Says No One Worth $100 Million
November 14, 2007 by Joseph McCafferty
Former Tyco CEO Dennis Kozlowski said in a prison interview yesterday that the company’s board had not anticipated his stock-heavy compensation would grow to more than $100 million, and that he doesn’t “believe that anybody is worth that.”
November 14, 2007 by Joseph McCafferty
Former Tyco CEO Dennis Kozlowski said in a prison interview yesterday that the company’s board had not anticipated his stock-heavy compensation would grow to more than $100 million, and that he doesn’t “believe that anybody is worth that.”
They Want Their Money Back
November 9, 2007 by Joseph McCafferty
AGL Energy shareholders yesterday voted against the beleaguered energy retailer's remuneration package, delivering a stinging rebuke to its board just one day after Telstra shareholders did the same.
November 9, 2007 by Joseph McCafferty
AGL Energy shareholders yesterday voted against the beleaguered energy retailer's remuneration package, delivering a stinging rebuke to its board just one day after Telstra shareholders did the same.
Fidelity’s Abigail Johnson to Lead Board?
November 9, 2007 by Joseph McCafferty
Fidelity’s Abigail Johnson to Lead Board? Succession planning at Fidelity Investments calls for the next chairman of the mutual-fund giant to be Abigail Johnson, the daughter of current Chairman and Chief Executive Edward C. "Ned" Johnson III.
November 9, 2007 by Joseph McCafferty
Fidelity’s Abigail Johnson to Lead Board? Succession planning at Fidelity Investments calls for the next chairman of the mutual-fund giant to be Abigail Johnson, the daughter of current Chairman and Chief Executive Edward C. "Ned" Johnson III.
Should a CEO Be Fired for Going Behind Board’s Back to Talk Merger?
November 6, 2007 by Joseph McCafferty
The sin that reportedly got Stanley O’Neal expelled from the garden of Merrill Lynch was his authorization of merger discussions with fellow bank Wachovia without first getting the blessing of his board.
November 6, 2007 by Joseph McCafferty
The sin that reportedly got Stanley O’Neal expelled from the garden of Merrill Lynch was his authorization of merger discussions with fellow bank Wachovia without first getting the blessing of his board.
New Board Members named at Fannie Mae, Charlotte Russe, DuPont and More
October 29, 2007 by Directorship Editors
Fannie Mae appoints John C. Sites, Jr. to board of directors. Charlotte Russe's Mark Rivers leaves the board while Herbert Kleinberger joins. DuPont board elects Lockheed Martin EVP.
October 29, 2007 by Directorship Editors
Fannie Mae appoints John C. Sites, Jr. to board of directors. Charlotte Russe's Mark Rivers leaves the board while Herbert Kleinberger joins. DuPont board elects Lockheed Martin EVP.
George Clooney Joins Board of Enviro-Startup and Other Board Appointments
October 24, 2007 by Directorship Editors
CarMax, Inc., the nation’s largest retailer of used cars, announced today that its board of directors has elected Shira D. Goodman, executive vice president of marketing at Staples, Inc., and Ronald E. Blaylock, founder, chairman and CEO of Blaylock & Company, Inc., to serve on the board.
October 24, 2007 by Directorship Editors
CarMax, Inc., the nation’s largest retailer of used cars, announced today that its board of directors has elected Shira D. Goodman, executive vice president of marketing at Staples, Inc., and Ronald E. Blaylock, founder, chairman and CEO of Blaylock & Company, Inc., to serve on the board.
New Board Members Named at Coca-Cola, Atari, and More
October 19, 2007 by Robert Dilenschneider
Coca-Cola Co. has announced that its board of directors elected former U.S. Secretary of Labor Alexis M. Herman as a director of the company.
October 19, 2007 by Robert Dilenschneider
Coca-Cola Co. has announced that its board of directors elected former U.S. Secretary of Labor Alexis M. Herman as a director of the company.
International Paper Dumps Staggered Board Elections
October 19, 2007 by Joseph McCafferty
International Paper's board of directors this week authorized an amendment to the company's certificate of incorporation to declassify the board, and to provide for the annual election of directors. The company's proxy statement will include a proposal to the shareholders, which was recommended by the board, to approve the amendment at the 2008 annual shareholder's meeting.
October 19, 2007 by Joseph McCafferty
International Paper's board of directors this week authorized an amendment to the company's certificate of incorporation to declassify the board, and to provide for the annual election of directors. The company's proxy statement will include a proposal to the shareholders, which was recommended by the board, to approve the amendment at the 2008 annual shareholder's meeting.
Kellywood Rejects Unsolicited Proposal
October 19, 2007 by Joseph McCafferty
Kellywood Company announced that its board unanimously determined that an unsolicited proposal by Sun Capital Securities Group, LLC, is not in the best long-term interest of the company and its shareholders.
October 19, 2007 by Joseph McCafferty
Kellywood Company announced that its board unanimously determined that an unsolicited proposal by Sun Capital Securities Group, LLC, is not in the best long-term interest of the company and its shareholders.
New Board Members Named at Hershey, Millennium, Ventas, and Harmonic
October 5, 2007 by Michael Ross
Fannie Mae appoints John C. Sites, Jr. to board of directors. Charlotte Russe's Mark Rivers leaves the board while Herbert Kleinberger joins. DuPont board elects Lockheed Martin EVP.
October 5, 2007 by Michael Ross
Fannie Mae appoints John C. Sites, Jr. to board of directors. Charlotte Russe's Mark Rivers leaves the board while Herbert Kleinberger joins. DuPont board elects Lockheed Martin EVP.
Sir Roy Anderson joins Glaxo Board, and More Board News
October 2, 2007 by Stuart H. Gelfond
eBay announces management changes, McCormick & Co. names new president and CEO, Glaxo appoints a new board member, and other board news.
October 2, 2007 by Stuart H. Gelfond
eBay announces management changes, McCormick & Co. names new president and CEO, Glaxo appoints a new board member, and other board news.
NACD: ‘The Voice of Directors’
October 1, 2007 by Gretchen Michals
“The sweet spot” is how Ken Daly describes his place as president and CEO of the National Association of Corporate Directors. Daly was named last May to head the 30-year-old not-for-profit association based in Washington, D.C. He succeeds Roger Raber, who ran NACD from 1999 until his retirement earlier this year. During Raber’s tenure, NACD membership grew 300 percent and its influence flourished as an educator, adviser, and commentator on board-related issues. “We want to help members understand how to be better directors,” says Daly.
October 1, 2007 by Gretchen Michals
“The sweet spot” is how Ken Daly describes his place as president and CEO of the National Association of Corporate Directors. Daly was named last May to head the 30-year-old not-for-profit association based in Washington, D.C. He succeeds Roger Raber, who ran NACD from 1999 until his retirement earlier this year. During Raber’s tenure, NACD membership grew 300 percent and its influence flourished as an educator, adviser, and commentator on board-related issues. “We want to help members understand how to be better directors,” says Daly.