Word: chairmen
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...chairman atop the oil giant. It was more support than most such proposals get, yet still far shy of a majority - a clear sign that even with high-profile support, shareholder activists are still fighting an uphill battle in trying to convince U.S. investors and corporations that independent chairmen act as counterweights to CEOs and help to create better-run companies...
...This year, investors filed nearly three dozen proposals for independent chairmen, at companies like Pfizer, Citigroup, Verizon, General Electric, Coca-Cola and Time Warner (parent company of TIME). So far those votes have 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...
...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 17% of S&P 1,500 companies (such as Disney and Borders) have truly independent chairmen - those not otherwise employed by the company - a figure that's up from...
...website Real Clear Politics, and polls show that most voters have already made up their minds. She has the backing of the popular Gov. Ed Rendell and the mayors of the state's two largest cities, Pittsburgh and Philadelphia, not to mention an impressive slew of congressmen, county chairmen and assemblymen, making her unquestionably Pennsylvania's establishment candidate. Clinton has also installed her A-team in the Keystone state. Mary Isenhour, a force in Pennsylvania politics, is her state director. Mark Nevins, John Kerry's state director in 2004, is also onboard, as is Nick Clemens, who ran Clinton...
...taken a different approach, focusing on securing high-level support from most of the state's Democratic establishment, including Nutter, Rendell and state party chairman T.J. Rooney. "While the Obama campaign has a lot of enthusiastic people on their list of delegates, our delegates are mostly county commissioners, party chairmen and others," said Lazar Palnick, an organizer for Clinton in Western Pennsylvania and a longtime friend of the Clintons dating from his youth in his native Arkansas. "Each of those have extensive networks that we intend to take full advantage of and make good use of to operate the mechanics...