Word: ceo
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...Maybe so, but that didn't prevent the key industry players from pointing fingers at each other. At Monday's opening plenary, British Petroleum CEO Tony Hayward called the suggestion that speculation was behind the doubling of crude prices in the past year a "myth," and instead blamed geopolitics, a decline in Russian production and increased demand for the crunch. "Supply is not responding adequately to rising demand," he said. "The problem is above ground, not below it." ExxonMobil CEO Rex Tillerson echoed the last part of Hayward's equation: "Look, it's hard for us to fully understand what...
...Even the general agreement on the need for more investment to answer that question came with its own polemics. "Exxon will spend $1.25 billion on research," said ExxonMobil CEO Rex Tillerson. "My company alone is investing at a rate of 60% of OPEC's." But asked what the OPEC was investing to secure future demand, Khelil responded by suggesting his organization was being unfairly targeted. "What are other countries doing? Why don't you ask Brazil? Why don't you ask China? Those aren't OPEC countries," he said. Meanwhile, BP's Hayward blamed high taxes for stymieing necessary investment...
...February 2006, Starbucks CEO Howard Schultz was asked on TV if opening 1,300 stores in the US in a single year was "too much too fast." "Not at all," the then-chairman said. "We have been a growth company for the last 20 years. And the hallmark of that growth has been our ability to invest ahead of the growth curve...
Robert S. Kaplan, a former vice chairman at Goldman Sachs and a professor at Harvard Business School, served as interim CEO after El-Erian stepped down late last year...
During his 22-month tenure, El-Erian was tasked with bringing stability to an organization rocked by the 2005 departure of its long-time CEO Jack R. Meyer, who left with a large fraction of HMC's staff amid heated criticism over multimillion dollar compensation packages for him and his top money managers. Meyer and several of his former lieutenants now run the Boston-based hedge fund Convexity Capital Management...