On Monday, Howard Schultz, Starbucks’ chairman (and former U.S. presidential candidate), told The Wall Street Journal that the company wasn’t considering any internal candidates for its next CEO appointment. Think about that for a second. Of the many thousands of managers and executives in the company — and the tens of millions of dollars the…
Tag: succession planning
Henry Ford III Is Rising to Top of Dynasty in Deep Trouble
VEA Vice Chair Nell Minow is quoted about the corporate governance concerns relating to family control of Ford Mother Company. The arrangement once again came under scrutiny at the annual meeting. A shareholder proposal to strip the family of its special class of stock and go to a one-share, one-vote arrangement garnered 35% support, up…
Barclays chairman confirms he ‘fired’ Antony Jenkins – here’s why – BBC News
“I was approached by the senior independent director, who convened a session of the non-execs, who came to me and said ‘I think we need new leadership and we need it quickly, would you prepared to step in?’. “I considered it and endorsed thoroughly what had happened. There had been some rumbling over this for…
HBR: Why CEOs Don’t Get Fired As Often as They Used To
One reason for this improvement may be the increased focus on corporate governance over the 2000-2014 period, starting with the enactment of the Sarbanes-Oxley Act in the U.S. in 2002, as well as significant corporate governance reforms in the U.K. and the European Union. Momentum for increased transparency in governance and for better-qualified and more…
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