Retired CEOs: Are They a Fit for Your Board?
August 31, 2008 by Joseph McCafferty
In the right situation, retired CEOs make outstanding board directors. They have a wealth of experiences and they often have the time to devote to board service.
August 31, 2008 by Joseph McCafferty
In the right situation, retired CEOs make outstanding board directors. They have a wealth of experiences and they often have the time to devote to board service.
The Qualities of the Perfect CEO
August 4, 2008 by Joseph McCafferty
A CEO who embodies the leadership qualities to positively influence their company’s success is not easily acquired. How much they’re getting paid is under constant scrutiny, yet experts insist that a talented CEO is worth the hefty price. So what qualities should a good CEO embody?
August 4, 2008 by Joseph McCafferty
A CEO who embodies the leadership qualities to positively influence their company’s success is not easily acquired. How much they’re getting paid is under constant scrutiny, yet experts insist that a talented CEO is worth the hefty price. So what qualities should a good CEO embody?
Connecticut AG Sues Ratings Firms
July 31, 2008 by Joseph McCafferty
In three separate suits filed yesterday, Connecticut Attorney General Richard Blumenthal has charged Moody's, Fitch, and Standard & Poor's with "systematically and intentionally" giving lower ratings to states, municipalities, and other public entities.
July 31, 2008 by Joseph McCafferty
In three separate suits filed yesterday, Connecticut Attorney General Richard Blumenthal has charged Moody's, Fitch, and Standard & Poor's with "systematically and intentionally" giving lower ratings to states, municipalities, and other public entities.
Alcatel-Lucent Dumps Chairman, CEO
July 29, 2008 by Joseph McCafferty
Two years of poor results following the merger of Alcatel and Lucent have led to the ousters of the chairman and chief executive along with at least one board director.
July 29, 2008 by Joseph McCafferty
Two years of poor results following the merger of Alcatel and Lucent have led to the ousters of the chairman and chief executive along with at least one board director.
Poor Succession Planning is Costly
July 29, 2008 by Joseph McCafferty
A new study finds that externally hired CEOs make 75 percent more than internally- promoted CEOs. Poor performers and small companies are the most likely to hire from outside.
July 29, 2008 by Joseph McCafferty
A new study finds that externally hired CEOs make 75 percent more than internally- promoted CEOs. Poor performers and small companies are the most likely to hire from outside.
NACD Names Director of the Year
July 24, 2008 by Joseph McCafferty
The National Association of Corporate Directors yesterday announced the winners of its 21st annual "Director of the Year" Awards. Winners, nominated by their peers, include Andrew J. McKenna, non executive chairman of McDonald's Corp. and lead director of Aon.
July 24, 2008 by Joseph McCafferty
The National Association of Corporate Directors yesterday announced the winners of its 21st annual "Director of the Year" Awards. Winners, nominated by their peers, include Andrew J. McKenna, non executive chairman of McDonald's Corp. and lead director of Aon.
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.
WaMu Splits CEO and Chairman
June 2, 2008 by Joseph McCafferty
Washington Mutual announced that CEO Kerry Killinger will relinquish the title of chairman amid a number of corporate governance changes, including new committee chairs.
June 2, 2008 by Joseph McCafferty
Washington Mutual announced that CEO Kerry Killinger will relinquish the title of chairman amid a number of corporate governance changes, including new committee chairs.
SEC vs. Analog, CEO Ends in Settlement
June 2, 2008 by Joseph McCafferty
Analog Devices and CEO Jerald Fishman agreed to settle charges alleging that they conspired to defraud shareholders by reporting false compensation for backdating stock options to officers, directors, and employees.
June 2, 2008 by Joseph McCafferty
Analog Devices and CEO Jerald Fishman agreed to settle charges alleging that they conspired to defraud shareholders by reporting false compensation for backdating stock options to officers, directors, and employees.
Bebchuk Scrutinizes ‘CEO Centrality’
May 16, 2008 by Joseph McCafferty
Lucian Bebchuk, Martijn Cremers, and Urs Peyer propose that CEO Centrality and executive compensation be further researched to determine what determines executive compensation. The relationship between CEO's and their top executives is examined.
May 16, 2008 by Joseph McCafferty
Lucian Bebchuk, Martijn Cremers, and Urs Peyer propose that CEO Centrality and executive compensation be further researched to determine what determines executive compensation. The relationship between CEO's and their top executives is examined.
Random House CEO Stepping Down
May 6, 2008 by Joseph McCafferty
Random House's Peter Olson is expected to step down as CEO in the near future. The publishing giant is seeking to overhaul its struggling business.
May 6, 2008 by Joseph McCafferty
Random House's Peter Olson is expected to step down as CEO in the near future. The publishing giant is seeking to overhaul its struggling business.
Growing Wage Gap a Gnawing Problem
April 28, 2008 by Joseph McCafferty
The growing gap between corporate managers and workers is creating tensions. "Should a CEO make five times or three times or twice what the other group makes? That's debatable, but 20 times is lunacy," General Electric CEO Jeffrey Immelt has said.
April 28, 2008 by Joseph McCafferty
The growing gap between corporate managers and workers is creating tensions. "Should a CEO make five times or three times or twice what the other group makes? That's debatable, but 20 times is lunacy," General Electric CEO Jeffrey Immelt has said.
New Gripes Aired this Proxy Season
April 18, 2008 by Joseph McCafferty
Shareholders introduced new proposals for the 2008 proxy season. The mortgage meltdown, succession planning, and the safety of imported products were brought up for proposals.
April 18, 2008 by Joseph McCafferty
Shareholders introduced new proposals for the 2008 proxy season. The mortgage meltdown, succession planning, and the safety of imported products were brought up for proposals.
Bank Proxy Battle Turns Nasty
April 4, 2008 by Joseph McCafferty
In trying to fend off an attempted coup by its former chief executive officer, Vineyard National Bancorp is now holding Norman Morales responsible for the mess it is in, according to a story in American Banker.
April 4, 2008 by Joseph McCafferty
In trying to fend off an attempted coup by its former chief executive officer, Vineyard National Bancorp is now holding Norman Morales responsible for the mess it is in, according to a story in American Banker.
One in Three Directors Deem CEO Pay Too High, Study Finds
February 7, 2008 by Joseph McCafferty
CEO pay is excessive in most cases, about one in three directors of U.S. public companies say in a new survey by Heidrick & Struggles and the Center for Effective Organizations at the University of Southern California’s Marshall School of Business.
February 7, 2008 by Joseph McCafferty
CEO pay is excessive in most cases, about one in three directors of U.S. public companies say in a new survey by Heidrick & Struggles and the Center for Effective Organizations at the University of Southern California’s Marshall School of Business.
Top U.K. Execs Earn Higher Base Salary, Lower Total Pay Than U.S. Chiefs, Study Finds
January 31, 2008 by Joseph McCafferty
While the base pay for top CEOs is typically 20 percent higher in Europe than in the United States, bonuses and other incentives are much lower, resulting in significantly better overall pay for top american executives, a new survey by the Hay Group finds.
January 31, 2008 by Joseph McCafferty
While the base pay for top CEOs is typically 20 percent higher in Europe than in the United States, bonuses and other incentives are much lower, resulting in significantly better overall pay for top american executives, a new survey by the Hay Group finds.
Analysis Shows CEOs Opting for More Options-Based Shares
January 31, 2008 by Joseph McCafferty
An Equilar analysis of fourth-quarter filings with the Securities and Exchange Commission found that the total number of shares awarded to Fortune 500 chief executives was approximately 30.7 million, an 18.2 percent increase over the fourth quarter of 2006.
January 31, 2008 by Joseph McCafferty
An Equilar analysis of fourth-quarter filings with the Securities and Exchange Commission found that the total number of shares awarded to Fortune 500 chief executives was approximately 30.7 million, an 18.2 percent increase over the fourth quarter of 2006.
PwC Finds CEO Confidence Has Plunged
January 24, 2008 by Joseph McCafferty
Global CEOs have replaced fear of terrorism and regulation with fear of recession, according to the 11th annual Global CEO survey by PricewaterhouseCoopers.
January 24, 2008 by Joseph McCafferty
Global CEOs have replaced fear of terrorism and regulation with fear of recession, according to the 11th annual Global CEO survey by PricewaterhouseCoopers.
Conference Board Finds Steep Drop in CEO Confidence
January 16, 2008 by Joseph McCafferty
The confidence of CEOs declined in the second half of 2007, the lowest it’s been since the turn of the century, according to the Conference Board’s Measure of CEO Confidence.
January 16, 2008 by Joseph McCafferty
The confidence of CEOs declined in the second half of 2007, the lowest it’s been since the turn of the century, according to the Conference Board’s Measure of CEO Confidence.
Congress Examining the Role of Compensation Consultants
December 6, 2007 by Joseph McCafferty
The House Committee on Oversight and Government Reform held a hearing yesterday to examine the role of compensation consultants in determining CEO pay, and whether or not those consultants have a large conflict of interest in detemrining ceo pay.
December 6, 2007 by Joseph McCafferty
The House Committee on Oversight and Government Reform held a hearing yesterday to examine the role of compensation consultants in determining CEO pay, and whether or not those consultants have a large conflict of interest in detemrining ceo pay.