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What the Merrill Debacle Teaches Us About CEO Succession
The fact that the Merrill Lynch board accepted the so-called retirement of Chief Executive Officer Stanley O'Neal and then designated a board member, Alberto Cribiore, to lead a search committee to replace O'Neal reflects a complete failure of CEO succession planning. I'll tell you what they did...
Tags: Corporate governance, William J. Holstein, board, Stanley O'Neal, Lafley, Merrill Lynch & Co. Inc.
Blog posts 2007-10-31

Additional Resources

Rescue at sea
At approximately 6:10 a.m., USS John S. McCain's bridge watch team observed a fire on a ship on the horizon and, in response, maneuvered towards the burning vessel. Upon observing a life raft with 11 people on board drifting in the vicinity of the burning ship, crew members immediately launched...
Articles 2008-08-01
Amazon Biotech Announces Postponement of Shareholder Meeting on 14A Filing
Amazon Biotech, Inc. (PINKSHEETS: AMZO)(FRANKFURT: B2DA) announced that the 14A shareholder meeting set for July17, 2008, to elect a three member Board of Directors and to address suchother matters that may properly come before the meeting has beenpostponed in order to allow time to file a preliminary 14A...
Articles 2008-07-17
Wall Street News Alert: Hot Stocks to Watch for Thursday: OCOL! July 17, 2008
Wall Street News Alert's "stocks to watch" thismorning are: Oncolin Therapeutics (OTCBB: OCOL), Google (NASDAQ: GOOG),Baidu.com, Inc. (NASDAQ: BIDU) and Amgen (NASDAQ: AMGN). There is important news coming from Oncolin Therapeutics (OTCBB: OCOL), andthe company should have investors monitoring the stock closely. Yesterdayafter the markets closed, the company issued a...
Articles 2008-07-17
TEXADA Software Inc. Announces Results of Board Elections at Annual General Meeting
TEXADA Software Inc. (TSX VENTURE: TXS), the premier provider of equipment rental and mobile asset management software, is pleased to announce the election of the following board members at the Company's annual general meeting held on July 15, 2008: Steven Lamb, James Lolley, James McInnis, Brian Pedlar, Harry Jaako, Don...
Articles 2008-07-17
Changes to H2O Innovation Board of Directors, New Officers Nominated and Shares Granted
H2O Innovation (2000) Inc. ("H2O") (TSX VENTURE: HEO)(ALTERNEXT:MNEMO:ALHEO) has announced changes to its board of directors, the appointment of new company officers, and the granting of 532,000 stock options. As part of organizational restructuring following the recent acquisition of Itasca Systems Inc. ("Itasca") announced July 3, and considering the fact...
Articles 2008-07-17
New Jordan boards elect leadership
New board members were sworn in and presidents and vice presidents were elected for the east and west area Jordan school boards Tuesday night. Jordan-west board members elected Peggy Jo Kennett, an incumbent, as president. New board member Carmen Freeman was elected vice president. ...
Articles 2008-07-17
Miller names son as CEO of his empire
SANDY -- Larry H. Miller has promoted his oldest son to be chief executive officer of his car dealerships, movie theaters, sports venues and the Utah Jazz. Greg Miller, 42, will run the Larry H. Miller Group of Companies with the assistance of a newly created board...
Articles 2008-07-17
Diatect Appoints Patrick Carr As Chief Executive Officer
HEBER CITY, Utah -- Diatect International Corporation (OTCBB:DTCT), a provider of eco-friendly insect control products, today announced that Patrick Carr, a sales and marketing veteran executive was appointed Chief Executive Officer and new board member. David Andrus will continue to serve the company in the role of President. Carr's appointment...
Articles 2008-07-16
Sunoco Elects Lynn Laverty Elsenhans Chief Executive Officer and President; John G. Drosdick to Retire
PHILADELPHIA -- Sunoco, Inc. (NYSE:SUN) announced today that its board of directors has elected Lynn Laverty Elsenhans as Chief Executive Officer and President effective August 8, 2008, upon the retirement of John G. Drosdick, current CEO and President. Ms. Elsenhans has also been elected a member of the board of...
Articles 2008-07-16
Kevin Wrenn, Fujitsu SVP of PC Business & Operations, Named a Top 25 Supply Chain Executive by Global Supply Chain Review
Fujitsu Computer Systems Corporation todayannounced that Kevin Wrenn, the company's senior vice president of PCBusiness and Operations, has been named a Top 25 Supply Chain Executive byGlobal Supply Chain Review. The winners of the 2008 Top 25 Supply ChainExecutives Award are listed in the magazine's June issue. According to the...
Articles 2008-07-16
Residents pay for Kewaskum plant upgrades
Kewaskum residents will absorb a 12 percent increase in their sewer bills to pay for a wastewater treatment plant upgrade, and the village says its hands are tied. "None of the village board members nor myself are excited to raise rates given the situation, but we're...
Articles 2008-07-16
EarlySense Adds Dr. Joseph Li to Its Medical and Scientific Advisory Board
RAMAT GAN, Israel -- EarlySense Ltd., developer of the EverOn[TM], a contact-free, continuous patient supervision system for use in hospitals, nursing and private homes, announced today that Dr. Joseph Li has joined the company's Medical and Scientific Advisory Board. Dr. Li is an assistant professor of medicine at...
Articles 2008-07-16
MITX Announces New Board Directors
Massachusetts' Digital Marketing, Media and Technology Industry Strong; New Directors Bolster the Organization's Mission BOSTON -- MITX (Massachusetts Innovation & Technology Exchange), the country's leading industry association that brings together digital marketing, media and technology professionals to engage in the future of the Web and its effect on...
Articles 2008-07-16
Alverix Appoints James D. Merselis as President and CEO
Seasoned CEO to Augment Organization, Drive Value and Partnerships for Clients, Transitioning Assays from the Central Lab to Patient Care Locations without Sacrificing Quality of Test Results SAN JOSE, Calif. -- Alverix, Inc., an optoelectronics company developing portable medical diagnostic instruments in cooperation with leading point-of-care POC diagnostics...
Articles 2008-07-16
Independent Inspector of Elections Confirms Four TCI/3G Nominees Elected to CSX Board of Directors
NEW YORK -- The Children's Investment Fund Management UK LLP ("TCI") and 3G Capital Partners, Ltd. ("3G") today announced that the preliminary report from IVS Associates, Inc., the independent inspector of elections for CSX's 2008 Annual Meeting, has confirmed that shareholders have elected four TCI/3G nominees - Alex Behring, Chris...
Articles 2008-07-16
Oculus Innovative Sciences' CEO and Founder Named One of Pharmaceutical Executive's 2008 "Emerging Pharma Leaders"
PETALUMA, Calif. -- Oculus Innovative Sciences, Inc. (Nasdaq: OCLS) announced that its CEO and founder, Hoji Alimi, has been named one of the 2008 Pharmaceutical Executive "Emerging Pharma Leaders." Selected by members of the magazine's editorial advisory board and a panel of judges, Mr. Alimi demonstrates "the passion, vision, and...
Articles 2008-07-16
Coveo Names J. Alberto Yepez and Howard Gwin to Board of Directors
New board members bring extensive venture capital, entrepreneurial and executive experience from some of the world's largest technology businesses BOSTON -- Coveo Solutions, Inc., a global provider of search-powered information access solutions, today announced that J. Alberto Yepez and Howard Gwin have joined the company as board members....
Articles 2008-07-16
English Language Unity Act Soars Past 150 Co-Sponsors in House
Representatives Porter, Kingston and Henry Brown latest to support official English WASHINGTON -- Efforts to make English the official language of the United States received a boost this week when three members of Congress added their support as co-sponsors of H.R. 997, the English Language Unity Act. The...
Articles 2008-07-16
How to submit letters to the editorMailFaxE-mail
Signed letters with the writer's full name, address and a daytime telephone number will be considered for publication. Because of the volume received, not all letters can be published. Preference will be given to concise letters on topics of general interest in Topeka and Kansas. All letters are subject to...
Articles 2008-07-16
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