By Bill Berkrot and Martha Graybow NEW YORK (Reuters) - Former New York Stock Exchange chief Richard Grasso won a knockout victory on Tuesday in his four-year fight to keep every last penny of his $187.5 million pay package, as an appeals court...
Meet the new poster boy for excessive CEO pay. He is ousted American International Group CEO Martin Sullivan. Sullivan was kicked out of office this week after shareholders and investors complained that the insurance and financial giant posted two quarters of gigantic losses. According to figures from...
Okay, I'm being puckish -- anyone in business knows that customers constantly argue for a better deal. But in at least some contexts, like buying wine, people feel better about what they buy if it costs more. That's the gist of what's called the price-placebo effect, reported...
Two interesting views on the career suicide of former New York Governor Eliot Spitzer. Writing in BusinessWeek, Harvard Business School professor Bill George fits Spitzer into a failed leadership type he terms "rationalizer." I believe Spitzer's profile closely fits the rationalizer, one who gets so caught...
Feeling shock, schadenfreude or maybe a little smirky over Eliot Spitzer's resignation? Good. Now look in the mirror. Lots of leaders are prone to the same issues that probably caused Spitzer to misstep, says Michael Stallard, a management consultant and author (here's Big Think's review of his...
Right now, a lot of people are piling on Eliot Spitzer for portraying himself as being so righteous in stamping out evil even while reportedly seeking out the services of high-priced call girls. People seem to be surprised. But I'm not. I was very lonely out there in the...
Was N.Y. governor Eliot Spitzer "caught in a prostitution ring?" Or did he simply hire a prostitute and get caught? The power of message control was on full display yesterday, with the national media playing along in all its glory. The first word I...
It's not every day that a veteran journalist takes the time to provide a media relations lesson to those seeking "good press." But that's what San Francisco Chronicle columnist John Diaz did in Sunday's edition of the paper. He mainly addressed his advice to politicians, but it applies to business...
Leadership Lessons from Eliot SpitzerBEYOND LEADERSHIP AND MANAGEMENT...Beyond MANAGEMENT and LEADERSHIP:Behold LEADAGEMENT BISIKAY, Director, The Global LEADAGEMENT Institute, London, U K. bisikay@gmail.com / leadagement@gmail.comINTRODUCTIONMANAGEMENT'S NEXT BIG IDEA..."LEADAGEMENT!"I have come to realise that once we moved away from MANAGERIALISM to, and, from the LEADERSHIP models of EXECUTIVE deployment and development,...
Eliot Spitzer's Legacy on TrialIt's Known as CollusionCollusion - price fixing, kickbacks, and all the misrepresentation that goes along with said secretive practices - has always been illegal. This is what Spitzer exposed. Please take some time to research all of the charges against all of the companies involved,...
As per an article in today's Wall Street Journal, the trial in the case of how American International Group AIG and Chairman and Chief Executive Maurice "Hank" Greenberg allegedly manipulated earnings is finally starting. Facing criminal charges are five executives of AIG and Warren Buffett's General Re Corp., which allegedly...
NEW YORK -- After fighting a four-year legal battle to keep his $188million pay package, former New York Stock Exchange chief Richard Grasso triumphed Tuesday when an appeals court threw out the final charges against him. Last week, a different appeals court tossed out four other pay-related charges against him....
Hypocrisy requires high-level thinking. In our heart and gut, we’re more moral, honest and fair. Finding examples of moral hypocrisy is just too easy, what with Eliot Spitzer (former New York governor, moralizing proponent of laws against sex tourism and prostitution; named in “escort service” sting in March)...
He's not just another pretty face. He doesn't stand out in a crowd. He wasn't a logical choice to be New York's lieutenant governor. He is now the governor of New York, and the next two-and- a half years promise to be full of surprises, courtesy of David Paterson. ...
To his credit, say economic development chiefs, Gov. David Paterson did what many in the mid-Hudson Valley hoped for He put Empire State Development Corp. together again under one chairman. That chairman is Robert Wilmers, who has successfully run M&T Bank from its Buffalo corporate headquarters since 1983. Today,...
So this is what we've waited for? Six months after then-Gov. Eliot Spitzer set up a task force to revolutionize how property taxes are paid in New York, here's what the gutsy members have come up with: A school district should need 55 percent of voters to...
"I just think this is one of the least sleazy things he's done." --pundit Tucker Carlson on New York Gov. Eliot Spitzer's fondness for prostitutes, MSNBC, March 18 "I don't want young people thinking that half-dressing is the way to go. I want them to think...
The Eliot Spitzer scandal has made him the poster child for "hypocrisy." And yet, the scandal only reaffirmed my belief that Spitzer, the former governor of New York, is also a fiscal reformer. I'm not talking about the policies he passed as governor or the corporations he hounded as attorney...
Last month the governor's Commission on Local Government Efficiency and Competitiveness issued its final report. Gov. Paterson promptly announced that he would be submitting a bill to the state Legislature to implement the recommendations of this commission. Before the commission's final report had been written, former Gov....
A little more than a week after a commission charged with finding ways to reduce the cost of local government released its recommendations, the process of implementing some of those suggestions has begun. Former Gov. Eliot Spitzer formed the New York State Commission on Local Government Efficiency and Competitiveness...
