Word: ceo
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...when Aflac shareholders meet for their annual meeting on May 5, they'll have a say about whether or not they agree with the company's executive compensation practices. Amos, who has been CEO for 18 years, a nearly unheard of tenure at a Fortune 500 company, says that with a compound annual growth rate of 22% during his time in charge, he thinks he's worth his $14.8 million pay package, especially since it has been calculated with the same methodology for the past 12 years, with certain chunks tied to performance and long-term results. "I know...
...Krzysztof Bielecki, Poland's Prime Minister in 1991, suggests Tusk can make the most of it. He has known Tusk since the two men were Solidarity activists in the 1980s, and they still play old-timers football together. "Tusk is pure striker," says Bielecki, now CEO of Bank Pekao, one of Poland's biggest financial institutions. "He is not a water boy or even central defender. He puts his head where others will only put their feet. And by that I mean that he has courage...
They may share a CEO, but J. Crew and its new offshoot, Madewell, are worlds apart. Madewell?more casual, less expensive and a bit more bohemian than J. Crew?was a defunct workwear company when Mickey Drexler bought the name shortly before he joined J. Crew. In 2006, Drexler assembled a team to revive the brand in a new format. Since warming up in markets across the country, Madewell has opened its New York City flagship. The two-story store (below) successfully conveys the brand's spirit with original 1882 moldings, floors and fireplaces, and a brilliant contrast of stark...
Harvard Business School professor Gail J. McGovern was named the new president and CEO of the American Red Cross yesterday. McGovern said her chief goal in her new post will be to educate the American public about the mission of the Red Cross, emphasizing that the organization’s influence expands beyond times of major disaster. Other changes she proposed include perfecting the Red Cross’s blood services and maintaining a steady stream of donations. The Red Cross currently faces a $200 million budget deficit. With the help of education, McGovern said...
...serve as a presidential advisory board, no longer serves as much of anything. There hasn't been a truly important Cabinet meeting since Bill Clinton gathered his aides to admit his lapses with Monica Lewinsky; the meetings are increasingly rare and heavily ceremonial, which makes sense, because what CEO in his right mind would invite 21 executives to a substantive meeting? Bush already knows his plans for Iraq; he doesn't need the opinion of Susan Schwab or Stephen Johnson - and yes, you get a gold star if you knew Bush's trade representative and EPA administrator. Big Cabinets leak...