Word: bower
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Dates: during 2000-2009
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Henderson, who has worked at G.M. for 25 years, may be too closely tied with the company to provide bold changes, according to Business School professor Joseph L. Bower...
Although G.M. has not provided details on its search for a new chief executive, Bower said that the company would most likely look for an outsider who “would do things that were just too difficult for Henderson [as an insider...
...Bower and some of his colleagues at the Business School said that a change in leadership during this pivotal time for G.M. could hinder the company’s transformation...
Companies have long resisted stockholder influence over corporate board membership, arguing that most investors seek short-term gain and have little interest in preserving the company’s long-term profitability, said signatory Joseph L. Bower ’59, a professor at the Business School...
...Shareholder democracy doesn’t make a lot of sense,” said Bower. “The notion that the shareholder is a citizen with a stake and an understanding of the issues in a company is a bit theoretical or empty in my view...