By now, it's the perceived wisdom that people who are chief executive officers should not also be chairmen of the board. Institutional Shareholder Services and all sorts of rating agencies state, with complete conviction, that the job should be split--at all times, and at all companies. But...
CEO pay is "too high in most cases," say about one in three directors of U.S.-based public companies in a just-released survey by Heidrick & Struggles International and the Center for Effective Organizations CEO at the University of Southern California's Marshall School of Business. The survey also found...
The Wall Street Journal's Joanne S. Lublin says today that in the latest version of management musical chairs, outside directors are moving insde as chi'ef executive officers. Because it's such a hassle to access the Journal site, here's the jist of what she...
Chief executive officers and top managers have been giving lip service to the concept of ethnic and sexual diversity for many years--with only scant results. Many boards have a token African-American and a token woman, but their presence has no impact on the organization. The number of women on boards...
This is a tough question to ask because Meg Whitman has been a legendary Silicon Valley CEO for 10 years and one of America's leading women CEOs, but ask it we must: does her expected departure from eBay at the age of 51 signal a management failure on her part?...
For many years, CEOs regarded boards as necessary evils. Their goal was to stack the board with people who wouldn't challenge management's authority. After Enron and Sarbanes-Oxley, boards veered in the other direction--they included more independenty directors who were more inclined to challenge and question a CEO and his or...
This is a difficult subject to raise because John Chambers has been such a forceful and effective CEO of Cisco Systems. But the departure of his No. 2 executive and likely successor, Charlie Giancarlo, forces us to confront the inevitable: is it time for Chambers to move on? ...
The board of Sprint Nextel has been spectacularly ineffective. It's one of the most shocking examples in corporate America of a board that's completely asleep at the switch. First, it allowed word to leak that it was looking for a successor to CEO Gary Forsee, who got...
Bravo to the board of Coca-Cola and Chairman and CEO Neville Isdell: This is how to handle CEO succession. Isdell, who is 64, announced he would step down as CEO and turn over the reins to Muhtar Kent, 55, who had been serving as president and chief...
Ever since the Sarbanes-Oxley Act of 2002 and the accompanying new rules from the major stock exchanges, boards of directors of publicly held companies have had to have a majority of independent directors. And many more today also have lead directors, even at companies where the CEO is also chairman...
Let's say you're the president or CEO of a company that has not yet figured out how to play the international game. Here are the essential lessons I would offer as starting points: You as CEO have to be personally involved. It's not enough just to hire...
A great many chief executive officers have looked at their boards as, well, unfortunate necessities. They don't truly value the expertise and insight that can be gleaned from a board. So they've tended to work with their nominating committees to stack their boards that term is only slightly too uncharitable...
If you're ever tempted to undertake a cross-cultural merger or acquisition, think real hard about it. Very hard. Lucent's merger with France's Alcatel is a case in point. Although much ballyhooed when Lucent CEO Pat Russo and Alcatel CEO Serge Tchuruk reached the deal 18 months ago,...
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...
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