CEO SUCCESSION: THE ULTIMATE MEASURE OF BOARD PERFORMANCE by Clarke Murphy‚ The Corporate Board - July/August 2010 Item number one on any description of corporate board duties is hiring and firing of a chief executive. However‚ success in CEO selection depends in large part on shaping a sound succession process from the board level. Shareholder advocates now see good CEO succession planning as a reflection of the quality of the board itself. Public debate regarding corporate governance issues
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attendees when he began with a brief statement about former Chief Executive Stephen P. MacMillan‚ who was pushed out two months earlier. "Just to clarify‚ on behalf of the board of directors‚ we’d like to clearly state that Steve never violated any company policy nor any code of conduct‚" Mr. Parfet said at the meeting April 24. Executives Felled By Scandal There is a long list of corporate leaders felled by allegations of personal or ethical lapses in recent years. Read about some of them. View
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more than 10.3 million vehicles across the world. Through multiple mergers and acquisitions‚ Toyota Motor Group has acquired a large variety of car companies. This allows them to meet the needs of many different types of consumers and have allowed them to successfully penetrate multiple car markets. To meet the needs and desires of their upper class target market‚ they have the luxury car company Lexus. To meet the needs of their middle class to lower class target market‚ they produce affordable
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FORD AND FIRESTONE CASE STUDY 1. SUMMARY This case involves Ford and the Japanese tire manufacturer‚ Bridgestone/Firestone. The Ford Explorers which were prone to rolling over‚ came equipped with Firestone defected tires. The tire seemed to have a defect that caused the tread to separate from the whole of the tire and cause the vehicle to flip. Although Firestone knew about such defects‚ they continued to produce despite knowing the deadly consequences that lay behind their actions. The
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“The answer to the question of whether American CEOs are overpaid is clearly "yes"; for those who earn large bonuses and generous stock options when their companies are doing badly‚ either absolutely or relative to competitors. As mentioned in an article written by Gary Beckner and Richard Posner. This research paper will discuss in details the facts that have been research as to why CEOs are being overpaid. It will discuss the pros and cons of the CEOs salary and compensation and how employees should
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global automobile industry……….3 The global strategies of Ford Motor and Nissan after the Recession…………......4 Benefits and limitations of Ford Motor’s and Nissan’s strategies………………...5 Short-term profitability…………………………………………………………..5 Long-run stability……………………………………………………………..6 Conclusion……………………………………………………………………………6 Introduction The notion of “Global strategy”‚ in international business literature refers to a company that treats the world as largely one market and one source
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Management‚ Vol. X‚ No. Y‚ xxxx 1 Geely motors: a Chinese automaker enters international markets Ilan Alon‚* Marc Fetscherin and Marc Sardy Rollins China Center & International Business Department Rollins College 1000 Holt Avenue 32789 Winter Park‚ FL‚ USA E-mail: ialon@rollins.edu E-mail: mfetscherin@rollins.edu E-mail: msardy@rollins.edu *Corresponding author Abstract: On 22 January 2006‚ Shufu Li‚ the Director of International Marketing for Geely Motors‚ was rushing to the check-in counter at
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Dropbox 4 Business Ethics A Utilitarian Argument in the Ford Pinto Case In 1971 Ford Motor Company decided they wanted to create a compact car that could compete with the other Japanese manufactured cars. It rushed from its inception to its actual production. In the end‚ these cars proved to be one of the most dangerous ever produced because of their extreme flammability in instance of rear impact collision. The decision by Ford to not recall any of its cars‚ and not fix design flaws‚ conceal
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times and Forbes who complain of fat paychecks awarded to CEOs who don’t deserve them. What is the basis of this orthodoxy? Actually it rests on three propositions First and foremost – CEO pay just keeps on going up The second one – the fact that it is not tied to performance of the company and the last but not least - that boards are not restraining their appetite. Altogether these propositions in turn rest on a bigger argument: that CEOs are using their political power to tamper with the system
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THE EFFECT OF CEOS ON FIRM PERFORMANCE ALISON MACKEY Assistant Professor of Management Orfalea College of Business California Polytechnic State University San Luis Obispo‚ CA 93407 Tel: (805) 756-1232 Fax: (805) 756-1473 mackey@calpoly.edu Keywords: Executive Leadership‚ CEOs‚ Firm Performance‚ Leadership‚ Variance Decomposition‚ Managers Forthcoming in Strategic Management Journal THE EFFECT OF CEOS ON FIRM PERFORMANCE ABSTRACT The extent to which CEOs influence firm performance is
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