Word: chairmans
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...chairman and CEO of Exxon Mobil, Rex Tillerson can arguably claim to have played a key role in delivering a record $40.6 billion in profit to shareholders last year. Yet many of them, including dozens of descendants of John D. Rockefeller, whose Standard Oil morphed into Exxon, don't want him to be chairman anymore. At the oil giant's annual meeting in Dallas on Wednesday, nearly 40% of shareholders voted to separate the roles of CEO and chairman atop the oil giant. It was more support than most such proposals get, yet still far shy of a majority...
...only garnered an average 32% support, though some annual meetings remain. "Many of the problems surrounding poor governance stem from management accruing too much power," says Paul Hodgson, senior research associate at The Corporate Library, a governance and compensation research firm. "If you split the roles of CEO and chairman, you get this balance of power in the boardroom. A strong chairman can stand...
...Most U.S. companies have a different perspective, arguing that a chairman-CEO is better positioned to take decisive action and carry out a successful vision. But according to RiskMetrics, 45% of S&P 1,500 companies (the nation's 1,500 largest by revenue) had a separate chairman and CEO in 2007. That number is up markedly since 2003, in the wake of the explosion of corporate accounting scandals, when only 30% of companies had different people in those roles. In many of those cases, however, the separate chairman happens to be a former CEO. Only...
...took a hands-off approach because I don't think it's up to the chairman of the Democratic National Committee to pick the President. That's up to the voters...
...Ching-kuo. Later, at age 38, he became the youngest member of the cabinet when he was appointed as the chair of the Research, Development, and Evaluation Commission. He then served as the Justice Minister from 1993 to 1996, as the Mayor of Taipei from 1998 to 2006, and Chairman of Kuomintang from 2005 to 2007, before being elected Taiwan’s president...