CEOs Optimistic About the Performance of the Economy
December 5, 2007 by Joseph McCafferty
Despite a relatively uncertain economic cycle, the leaders of America’s top companies have shown a slight uptick in their expectations for the economy over the next six months, a new survey by Business Roundtable finds.
December 5, 2007 by Joseph McCafferty
Despite a relatively uncertain economic cycle, the leaders of America’s top companies have shown a slight uptick in their expectations for the economy over the next six months, a new survey by Business Roundtable finds.
SEC: Former Maxim CEO Pays Fine for Options Backdating
December 5, 2007 by Joseph McCafferty
The Securities and Exchange Commission yesterday filed civil charges against Maxim Integrated Products and the company’s former CEO and CFO, alleging they reported false financial information to investors by improperly backdating stock option grants to Maxim employees and directors.
December 5, 2007 by Joseph McCafferty
The Securities and Exchange Commission yesterday filed civil charges against Maxim Integrated Products and the company’s former CEO and CFO, alleging they reported false financial information to investors by improperly backdating stock option grants to Maxim employees and directors.
Dividend Slashing Expected to Continue
December 3, 2007 by Joseph McCafferty
Turmoil in the credit market may lead cash-strapped companies to start cutting dividends, a move many CEOs and CFOs are loath to make.
December 3, 2007 by Joseph McCafferty
Turmoil in the credit market may lead cash-strapped companies to start cutting dividends, a move many CEOs and CFOs are loath to make.
Making it Work: The CEO and Board Relationship Roundtable
December 1, 2007 by Gary M. Locke
Observers have likened the two-year, three-way race among successors to replace GlaxoSmithKline CEO Jean-Pierre Garnier to an episode of the hit television show Survivor. For two years, three candidates openly vied for the job that Garnier, the French-born leader of the world’s number-two drug maker, was vacating in May. Such a horse race can create tension among the company’s leaders as board members back different candidates.
December 1, 2007 by Gary M. Locke
Observers have likened the two-year, three-way race among successors to replace GlaxoSmithKline CEO Jean-Pierre Garnier to an episode of the hit television show Survivor. For two years, three candidates openly vied for the job that Garnier, the French-born leader of the world’s number-two drug maker, was vacating in May. Such a horse race can create tension among the company’s leaders as board members back different candidates.
SOX Requirement for Outside Directors May Help Boost Pay of Celebrity CEOs
November 27, 2007 by Joseph McCafferty
Media coverage of a CEO in a major business publication has boosted the executive's salary by as much as $1.4 million in part because that coverage affects how non-executive or "outside directors" evaluate the CEO, according to a study from the University of Colorado at Boulder Leeds School of Business.
November 27, 2007 by Joseph McCafferty
Media coverage of a CEO in a major business publication has boosted the executive's salary by as much as $1.4 million in part because that coverage affects how non-executive or "outside directors" evaluate the CEO, according to a study from the University of Colorado at Boulder Leeds School of Business.
Merrill to Give Thain $15 Million Bonus
November 19, 2007 by Joseph McCafferty
Merrill Lynch has agreed to grant incoming Chairman and CEO John Thain a cash bonus of $15 million for the fiscal year 2007.
November 19, 2007 by Joseph McCafferty
Merrill Lynch has agreed to grant incoming Chairman and CEO John Thain a cash bonus of $15 million for the fiscal year 2007.
Merrill Names Thain to Succeed O’Neal
November 15, 2007 by Joseph McCafferty
Merrill Lynch today announced that former President and COO of Goldman Sachs John Thain has been named chairman and CEO of the company, effective December 1.
November 15, 2007 by Joseph McCafferty
Merrill Lynch today announced that former President and COO of Goldman Sachs John Thain has been named chairman and CEO of the company, effective December 1.
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.”
Smith & Wesson Signs CEO to New, Performance-Based Contract
November 14, 2007 by Joseph McCafferty
Smith & Wesson Holding Corp., parent company of Smith & Wesson, has announced that it entered into a new employment agreement with President and CEO Michael F. Golden, securing his continued service through November 2010.
November 14, 2007 by Joseph McCafferty
Smith & Wesson Holding Corp., parent company of Smith & Wesson, has announced that it entered into a new employment agreement with President and CEO Michael F. Golden, securing his continued service through November 2010.
Obama Takes Issue with CEO Pay in Campaign Ad
November 13, 2007 by Joseph McCafferty
A political ad for Democratic presidential hopeful Sen. Barack Obama (D-Ill) airing in Boston over the weekend takes issue with what is described as the excessive compensation of America¹s top corporate executives and the growing wage gap between rich and poor that the Bush Administration.
November 13, 2007 by Joseph McCafferty
A political ad for Democratic presidential hopeful Sen. Barack Obama (D-Ill) airing in Boston over the weekend takes issue with what is described as the excessive compensation of America¹s top corporate executives and the growing wage gap between rich and poor that the Bush Administration.
Large Companies Eliminating Some Perks
November 12, 2007 by Joseph McCafferty
Equilar, a leader in the market for benchmarking executive compensation and director pay, has released its 2007 CEO Benefits & Perquisites Report - an analysis of CEO perquisites at Fortune 100 companies.
November 12, 2007 by Joseph McCafferty
Equilar, a leader in the market for benchmarking executive compensation and director pay, has released its 2007 CEO Benefits & Perquisites Report - an analysis of CEO perquisites at Fortune 100 companies.
E&Y’s Turley: SEC Should Adopt IFRS
November 9, 2007 by Joseph McCafferty
The chairman and CEO of Ernst & Young, writing on the op-ed page of today’s Wall Street Journal, argues that the Securities and Exchange Commission “throw its weight” behind adoption of the International Financial Reporting Standards (IFRS) in lieu of U.S. Generally Accepted Accounting Principles (GAAP).
November 9, 2007 by Joseph McCafferty
The chairman and CEO of Ernst & Young, writing on the op-ed page of today’s Wall Street Journal, argues that the Securities and Exchange Commission “throw its weight” behind adoption of the International Financial Reporting Standards (IFRS) in lieu of U.S. Generally Accepted Accounting Principles (GAAP).
COOs Don’t Just Fade Away…
November 5, 2007 by Joseph McCafferty
The position of the COO in leading corporations isn’t being eliminated, it’s being transformed, a new report by The Conference Board finds.
November 5, 2007 by Joseph McCafferty
The position of the COO in leading corporations isn’t being eliminated, it’s being transformed, a new report by The Conference Board finds.
CFOs Say Split the CEO and Chairman Job
November 1, 2007 by Joseph McCafferty
More than three-quarters (79 percent) of chief financial officers surveyed by Grant Thornton believe that the roles of chief executive officer and chairman should be held by different people.
November 1, 2007 by Joseph McCafferty
More than three-quarters (79 percent) of chief financial officers surveyed by Grant Thornton believe that the roles of chief executive officer and chairman should be held by different people.
CEOs Likely to Get Higher Pay With Comp Consultant, Study Finds
October 30, 2007 by Joseph McCafferty
Companies using compensation consultants have a tendency to pay their CEOs more, though the pay levels of which do not seem relate to increased shareholder return, a new study by The Corporate Library finds.
October 30, 2007 by Joseph McCafferty
Companies using compensation consultants have a tendency to pay their CEOs more, though the pay levels of which do not seem relate to increased shareholder return, a new study by The Corporate Library finds.
Merrill Board Seeks Successor to O’Neal
October 29, 2007 by Joseph McCafferty
Merrill Lynch is looking for a new CEO after incumbent Stanley O'Neal chose to depart, according to news reports. The board lost confidence in him after bigger than expected losses and after O'Neal made merger overtures to a rival bank without board authorization.
October 29, 2007 by Joseph McCafferty
Merrill Lynch is looking for a new CEO after incumbent Stanley O'Neal chose to depart, according to news reports. The board lost confidence in him after bigger than expected losses and after O'Neal made merger overtures to a rival bank without board authorization.
Ex CEO Arrested for Tax Fraud
October 26, 2007 by Joseph McCafferty
The former CEO of DHB Industries was arrested yesterday by the FBI on charges that included conspiracy, insider trading, and tax fraud. Also charged was former DHB Industries COO Sandra Hatfield. David Brooks was arrested yesterday morning, according to Robert Nardoza, a spokesman for the U.S. Attorney's office in Brooklyn, N.Y.
October 26, 2007 by Joseph McCafferty
The former CEO of DHB Industries was arrested yesterday by the FBI on charges that included conspiracy, insider trading, and tax fraud. Also charged was former DHB Industries COO Sandra Hatfield. David Brooks was arrested yesterday morning, according to Robert Nardoza, a spokesman for the U.S. Attorney's office in Brooklyn, N.Y.
O’Neal’s Hail Mary Draws Merrill Board Passer Interference
October 26, 2007 by Joseph McCafferty
Facing billions of dollars in losses from the subprime mortgage crisis, Merrill Lynch chairman and chief executive, E. Stanley O'Neal, floated the idea of a merger with a large bank, an overture that angered Merrill's board and could now cost him his job, according to The New York Times.
October 26, 2007 by Joseph McCafferty
Facing billions of dollars in losses from the subprime mortgage crisis, Merrill Lynch chairman and chief executive, E. Stanley O'Neal, floated the idea of a merger with a large bank, an overture that angered Merrill's board and could now cost him his job, according to The New York Times.
The Six Attributes of Leading CEOs
October 1, 2007 by Justin Menkes
I recently worked with a company whose CEO had led it on a tremendous run of prosperity. Under his leadership, the company had gone from virtual bankruptcy to being number one or two in nearly all of its markets.
October 1, 2007 by Justin Menkes
I recently worked with a company whose CEO had led it on a tremendous run of prosperity. Under his leadership, the company had gone from virtual bankruptcy to being number one or two in nearly all of its markets.
Ira Millstein on Governance
October 1, 2007 by Directorship Editors
Ira Millstein is arguably the top lawyer in America in the practice of corporate governance. As a senior partner at the law firm of Weil, Gotshal & Manges, where Millstein has worked since 1951, he has been so influential on the topic that not only did he rank number eight on The Directorship 100, a listing of the most influential people in corporate governance, but Yale Law School named its Center on Corporate Governance after him.
October 1, 2007 by Directorship Editors
Ira Millstein is arguably the top lawyer in America in the practice of corporate governance. As a senior partner at the law firm of Weil, Gotshal & Manges, where Millstein has worked since 1951, he has been so influential on the topic that not only did he rank number eight on The Directorship 100, a listing of the most influential people in corporate governance, but Yale Law School named its Center on Corporate Governance after him.