(New York Times) — Terry McGraw, the chairman and chief executive officer of the McGraw-Hill Companies, said he had been “very pleasantly surprised” by President Obama’s recent efforts to promote the interests of American business. But Mr. Obama could do better, he added, if he had a high-powered adviser with more of a business bent in […]
(Wall Street Journal) — President Barack Obama will convene a one-day summit of corporate chief executives Wednesday as part of a renewed White House effort to build support among business leaders for his economic agenda. Chief executives from Google Inc., Cisco Systems Inc., International Business Machines Corp., American Express Co., Dow Chemical Co. and Pepsico […]
(Businessweek) — Ever since the dot-com bust, and particularly after the financial meltdown that began in 2008, all anyone in business schools seems to talk about is whether or not the MBA is still a relevant and practical degree. Do people need MBAs—particularly degrees from elite b-schools—to become successful chief executive officers with hefty paychecks? Exclusive […]
(Daily Finance) — So why has the number of directors being tapped for CEO posts more than tripled in the past year? “The main reason is a lack of proper succession planning by companies,” says Anita Skipper, corporate governance director of Aviva Investors. “The need for prompt management changes during the financial crisis may also […]
All but two members of the female CEO elite have motherhood in common, a new book finds.
(WSJ) — The global business environment is riskier than ever and open to further devastating “black swan” events, according to a survey of senior U.S. executives released Thursday. The latest poll by The Business Council said optimism about the global economic recovery had subsided, and called for fresh measures to deal with economic, financial and […]
(Washington Business Journal) — Bethesda-based cloud services provider Virtustream Inc. plans to nearly double its staff over the next year and a half as part of a $40 million expansion, with an eye toward moving into European and Asian markets. Virtustream — whose clients include MicroStrategy Inc., Pepco, Fannie Mae and The World Bank — plans to hire 70 […]
(Inc.) — CEOs of top workplaces cherish transparency. These companies aren’t just practitioners of open-book management. They are true believers. Open-book management, of course, is the practice of supplying employees with financial data and critical information, teaching them what it means, and turning them loose to influence and share in the company’s success. Although a tiny fraction […]
(Atlanta Journal Constitution) — While the average compensation for chief executives at major U.S. companies shrank significantly for a second year as the nation struggled to recover from the worst recession in decades, Georgia’s top corporate bosses saw only a slight decline in their average pay — and some got dramatic increases. Read More…
(Miyanville) — In 2006, Oprah Winfrey surprised some Harvard Business School students by showing up in their classroom, taking a seat at the back of the hall while the class was presented with a case study on Harpo Productions, Oprah’s media company. Although the television talk-show icon had been invited to the campus, no one […]
While option awards were slashed by 30%, cash earnings rose 8.3 percent.