Word: boardrooms
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...comfortable as most of the cruise-ship accommodations I've seen, attractively furnished and fitted out with a little fridge and a stereo. Davien and I swapped off using the lone desk, which had an inspiring view of containers piled high (and the sea beyond), until I discovered a boardroom by the captain's office that was never used, and I made that my daytime lair...
...allow women as members. Because Augusta’s membership includes some of the most prominent men in the country, the NCWO believes that the prohibition of female members sends a message that American society does not welcome women into the powerful leadership circles that exist outside of the boardroom...
...straits. His heirs today own 47% of BMW's stock. The children of Quandt's third marriage, Stefan, 36, and Susanne, 40, sit on BMW's supervisory board. In 1999, angered by continuing losses at the automaker's Rover subsidiary in Britain, they ousted CEO Bernd Pischetsrieder in a boardroom coup. In Hamburg, the fate of Beiersdorf (Nivea skin cream) has been uncertain for months because of quarrels in the Herz family, which owns a 30% stake. The biggest shareholder, German insurer Allianz, is looking to sell its 44% stake, perhaps to Procter & Gamble. But the five Herz heirs...
...flip side: many CEOs in particular are not disposed to listen to someone they don't consider a peer. "There's still a pecking order in the boardroom," says the Council of Institutional Investors' Teslik. It will be up to new directors to breach that barrier. Munoz, for his part, says he would not join any board that seemed resistant to change. "It's not that difficult to tell whether someone is sincere about wanting to include you in the decision-making process," he says...
...that seems excessive, keep in mind that part of the new, hoped-for culture of the boardroom will be that directors will no longer sit on more boards than they can serve well. Companies won't stand for it, and if most board members finally do earn their pay, investors, too, will be well rewarded...