As an entrepreneur, you're busy, busy, busy . You have a company to run, employees to manage, and customers to satisfy . Yet I'm going to suggest that you make time to do something counterintuitive: help manage another business by joining a company's board . "It's connections. It's learning...
The rolling caravan of outrage at Wells Fargo rumbled into Iowa on Tuesday. Activists descended on the bank’s annual meeting in Des Moines to air a diverse set of grievances to CEO Tim Sloan and board chair Elizabeth “Betsy” Duke. They chastised Wells Fargo for its various consumer scandals, its use of arbitration to settle customer disputes, and its business ties to gun manufacturers, payday lenders, fossil fuel companies and private prison firms...
Corporate America's boardrooms have long been criticized for being too old, too white and too male. But while the race and gender makeup of corporate boards have come under scrutiny in recent years -- with shareholders pushing companies to add women and minorities and the media calling out board homogeneity when companies try to tout equal pay -- the age part of the "old boy's club" stereotype has gotten far less attention...
London Stock Exchange Group Plc’s directors should be prepared to confront “behavioral and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former Chief Executive Officer Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management , which wanted Rolet’s contract extended and sought to oust Chairman Donald Brydon instead...
United In late 2015, Oscar Munoz was appointed as United’s CEO. Oscar Munoz was universally loved, including by employees and passengers, which is extremely rare. It seemed like he really wanted to change the airline for the better, and he made his motto “actions speak louder than words.” Unfortunately for Munoz, United has had a really rough time in 2017 and 2018, with seemingly more public relations nightmares than any other airline...
“You can create special committees and make all the arguments you wish, but ultimately, human nature always wins out,” said Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. The Sears CEO, who disclosed that he owns 49% of Sears ...
ALAMEDA, Calif., April 23, 2018 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ:AQMS) (“Aqua Metals” or the “Company”), which is commercializing an electrochemical lead recycling technology called AquaRefining™, today announced executive management changes under its previously announced succession plan and notable enhancements to the structure of its Corporate Governance. Executive Management Succession The Board has named Company co-founder and current COO Selwyn Mould as interim Chief Executive Officer, effective immediately ...
A board interview guide for prospective CEOs A board interview guide for prospective CEOs Article Actions Share this article on Facebook Working through these questions as they prepare to take the top job can help executives clarify their thinking. Over the years, we’ve spoken with many clients who were preparing to be interviewed for CEO roles. We’ve also debriefed with them after the event, and we’ve spoken with corporate board members on how to structure the selection process...
Shareholder rights advocates are now concerned that the SEC is eroding the viability of the proxy process. “I think the options are being significantly limited,” Christine Jantz, founder and president of Jantz Management, which submitted shareholder resolutions for the current proxy season, told S&P Global Market Intelligence...
There is no simple formula a company or a board of directors can follow that promises successful implementation of creative and innovative ideas. However, we now have a better understanding of the enigmatic relation between the directors and work-related creativity and innovation...
For most of the past decade, Cheryl Miller has spent her days trying to put more cars on America’s roads—first as the treasurer and now as the chief financial officer of AutoNation Inc. , the largest auto retailer in the U.S. And for the past year she’s been working on behalf of another of the country’s biggest companies, Tyson Foods Inc. , as one of the newest members of its board of directors...
America’s 500 biggest public companies in 2018 are expected to distribute up to $600 billion or more through stock buybacks. Even Warren Buffett , who for more than 50 years has avoided such a move, is considering offering a buyback to his 1 million shareholders in Berkshire Hathaway....
Fewer public companies, at a glace, appears to be a problem, but not if you look at the numbers. The people who supervise the U.S. stock market are grappling with what they see as a troubling trend: One of the great innovations of Western capitalism — the public company — appears to be losing ground...
The benefits of running a large public company go well beyond paychecks and stock awards. Take Mark Zuckerberg , who crisscrossed the U.S. last year to attend a rodeo in Fort Worth, Texas, speak with Muslim students in Dearborn, Michigan, and fish salmon in Alaska, all part of a personal challenge to meet and talk with regular people...
Companies are facing a growing number of derivative and securities class actions in the wake of the #MeToo movement. Having strong protocols to address allegations of harassment and sexual misconduct, thoroughly and promptly investigating such allegations, and carefully weighing the risks in severance payments to accused harassers are some of the steps companies can take to protect against such actions...
After nine of 13 members of Forest City Realty Trust's board agreed to step down last month, investors turned their attention to other real-estate investment trusts that could face board pressure in the coming weeks.
The problem: Shares of many REITs have been flagging for the past year, in part because of worries the property market is nearing a peak and partly because of higher interest rates, which make REITs less attractive....
To estimate the effect of a CEO's social network's diversity on their firm's value, we used ordinary least square regression models to control for other variables that could potentially change firm value, such as firm size, profitability, financial leverage, investment intensity, and corporate governance .
Meet the Woman Who Convinced Apple, Starbucks, and Nike to Close Their Gender Pay Gaps An Equal Pay Day icon. Arjuna Capital managing partner Natasha Lamb has convinced 21 companies to commit to analyzing and closing their gender pay gaps. These include major players in tech (Apple, , Microsoft), finance (J.P. Morgan Chase, , Mastercard), and retail (Amazon, , Starbucks).
Zuckerberg has defended the way power at Facebook is concentrated in his own person. And it may be true that, as he argues, this unusual corporate governance arrangement allows Facebook to hold off shareholders obsessed with short-term profits and think instead about the long-term interests of its ...
Women tend to bootstrap to avoid raising debt. Men tend to raise money however they can and bootstrap to make it go further.
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Men and women run their businesses in very different ways. The differences in their styles of starting and growing their businesses show up right from the word "go," according to Women Business Owners’ Access To Capital Literature Review, a new study by the Federal Research Division, Library of Congress under an Interagency Agreement with the National Women’s Business Council.
According to research conducted by economist Alicia Robb, founder ...
In some states, the average man makes $15,000 more than the average women.
Today is this year’s Equal Pay Day, which represents the amount of extra time the average woman would have to work full time -- 100 days -- to make the same amount of money the average man made in the previous calendar year.
That would please corporate governance critics who have called for Facebook to separate the roles of chairman and CEO, while Facebook engineers could be contented that the hacker-in-chief still reigns at One Hacker Way. And it would salve politicians who are unsatisfied when anyone but the boss ...
I’m going to answer this one from a tech executive perspective, and compare it to another highly popular IPO, that of Snap Inc (Snapchat). The key numbers: Revenue of $1.1Bn in 2017, up 30% from 2016 11m paying users out of 500m total Cash-flow positive: generated $330m free cash flow in 2017, up from $252m in 2016 Flat ARPU: $111 in 2017, slightly down from $113 in 2015 Gross margin doubled from 2016 to 2017, now at 66%, because cost of revenue (COGS) fell from $391m to $369m 2016- ...
In 2017 activist investors targeted companies with multibillion-dollar market capitalizations, but compared to 2016 activity cooled...