HBR CASE STUDY Indispensable DANIEL VASCONCELLOS Edward Bennett is a talented CEO with a lot on his plate. But he’s not getting any younger‚ and his board can’t get him engaged in succession planning. T om Calloway‚ nonexecutive chairman of Astar Enterprises‚ put the phone back in its cradle as gently as he could‚ given the circumstances. He had just finished yet another difficult and unsatisfactory conversation with Edward Bennett‚ Astar’s CEO‚ about succession planning.
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Steve Marshall Are American corporate CEO’s overpaid? I believe that CEO’s are paid to much because it does not seem to matter just how well the company does while they are running it they still seem to make a ridiculous amount of money. This is wrong because they are supposed to be paid according to how well that the company does but even when it does poorly they are still paid exceedingly well. While this is not a surprise on top of being paid exceedingly well they are also given stock options
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venture partner at Voyage Capital in Seattle and a senior adviser at Permira Advisers‚ which is headquartered in London. He was previously the CEO of Adobe. ILLUSTRATION: MONICA HELLSTRÖM Debra Benton (debra@ debrabenton.com) is an executive coach‚ the founder of Benton Management Resources in Livermore‚ Colorado‚ and the author of CEO Material: How to Be a Leader in Any Organization (McGraw-Hill‚ 2009). HBR’s fictional cases present dilemmas that real leaders face and offer
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March 26‚ 2007. Maria M. Klawe: is the President of Mudd College. She joined Microsoft on March 2009. David F. Marquardt: joined Microsoft on June 30‚ 1981. He also serves as a member of the board of directors at Seagate. Charles H. Noski: is the executive Vice president and CFO of the Bank of America. He joined Microsoft on Nov 11‚ 2003. He also is a member of the board in UBS AG Switzerland‚ Singapore airlines Ltd.‚ and the supervisory board of Bayer Ag. Bondholder Concerns:
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concerned about what they could "build‚ create and contribute" than what they could "get - fame‚ fortune‚ adulation‚ power‚ whatever". No Ken Lay of Enron or Carly Fiorina of HP‚ the larger-than-life CEO‚ led a Good To Great company. This kind of executive is "concerned more with their own reputation for personal greatness" than they are with "setting the company up for success in the next generation". Transformations from Good to Great start when a company finds a CEO who is humble but iron-willed
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Enron‚ the smartest guy in the room 1. Define what you are protecting Kenneth Lay was born in April 15‚ 1942‚ in Tyrone‚ Missouri‚ the second of three children of Omer and Ruth Lay. His father was a Baptist preacher in rural Missouri. In addition‚ he had a chicken business. When Lay was 6‚ the chicken business was when a large shipment of birds was killed in a truck accident. He learned the value of money early by supplementing the family’s meager income by delivering newspapers‚ cutting grass and
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Neilson and Julie Wulf I f senior executives are feeling ever-increasing pressure on their time—and few would suggest that’s not the case—why would they add more to their plates? It seems counterintuitive‚ but according to our research into C-level roles over the past two decades‚ the CEO’s average span of control‚ measured by the number of direct reports‚ has doubled‚ rising from about five in the mid-1980s to almost 10 in the mid-2000s. The leap in the chief executive’s purview is all the more
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Introduction The CFO possesses many significant advantages as well as disadvantages if he/she is chosen to become the CEO. Recently an increasing number of company boards have decided that in order to best serve shareholders it is prudent to promote the CFO to CEO. CFOs themselves remain reticent about any personal ambitions beyond the CFO role - at least in public. But given this recent string of high profile promotions there is an increasing recognition that they have what it takes to take over
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December 2013 Dresner Advisory Services‚ LLC 2013 Edition Wisdom of Crowds ® Mobile Computing / Mobile Business Intelligence Market Study Licensed to SAP Wisdom of Crowds ® Mobile Computing/ Mobile Business Intelligence Market Study 2013 Disclaimer: This report should be used for informational purposes only. Vendor and product selections should be made based on multiple information sources‚ face-to-face meetings‚ customer reference checking‚ product demonstrations and proof
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execute numerous functions. As a result‚ United Way will have board of directors that can include eight or more individuals. The board of directors consists of two presidents one who is the chief executive officer‚ and the other is the president of United Way U. S. A.‚ three different vice presidents‚ three executive vice presidents‚ four senior vice presidents‚ and
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