Word: boardrooms
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Balance sheet? CPA? Regional expert? Since when do such things really matter in the boardroom? Since Enron and Tyco and WorldCom. Munoz is one of a new breed of director that just might change corporate governance permanently and for the better. The corporate scandals of the past few years have inspired a flurry of strict new government and industry rules on board composition and responsibility. These rules could do much to dismantle the old-boy, do-little director network--in other words, to make directors work for their money...
...will more diverse boards necessarily perform better? They should, because homogeneity among directors often leads to a boardroom culture that "avoids conflict, avoids impoliteness and as a result does not permit hard questioning," says Rakesh Khurana, a professor at Harvard Business School who studies CEO behavior...
...stood facing the camera in a corporate boardroom with a Beavis and Butthead table and Anthony Kiedis’ signature framed on the wall and was asked to speak about issues facing American college kids. I babbled about sex education. Another challenge: how would I rally against date rape without sounding like an afterschool special? Strike one against Nikki...
...nuts-and-bolts fundamentals that determine success in today's highly competitive global car market. Although Agnelli, known to friends as "Gianni," was once the ultimate decision maker at the Turin conglomerate, his power, like his health, had waned as Fiat was battered by crises in the boardroom and in the market. In fact, control of Fiat had already shifted to his younger brother Umberto, a handover that was scheduled to be formalized the morning of Gianni's death. Also on the agenda: how the family would come up with the billions needed to keep Fiat whole...
...boosted the annual bonuses of both bankers and analysts. What's new is the appearance that Grubman and perhaps Weill abused their power to gain the upper hand in such personal matters as gaining entrance to the right school or winning the support of a director in a boardroom coup...