Word: hambrick
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...yield a sample of 3,168 firm-years. The bottom line: having a COO lowered returns on assets an average of about 1%. For a company with $1 billion in assets, that means a $10 million dent in annual profits, according to the study's lead author, Donald Hambrick of Pennsylvania State University's Smeal College of Business. Says Hambrick: "The two broad possible explanations are that the CEO-COO duo is an inferior arrangement or that it is a sign of an inferior CEO." Our guess is that underachieving CEOs will point to the former...
...believe that the knowledge that screening can prevent this deadly cancer from ever getting a start is a more powerful motivator than the hope that it might be found early enough to be curable. This different, even more optimistic view ought to be shared with your readers. ERNESTINE HAMBRICK, M.D. Founder and Chairman STOP Colon/Rectal Cancer Foundation Chicago...
...Hambrick 0-1 2-2 2; Crane...
...sometimes while beating the pants off them in the marketplace. Studies indicate that most American CEOs seem able to demand raises at will, regardless of how good or bad a job they do. In many cases they get raises just because a counterpart at another firm did. Says Donald Hambrick, professor of management and organization at Columbia University's Graduate School of Business: "They end up trying to outdo one another. So what you get is a circle of CEOs who propel one another's pay upward...
...Quaker forward Mike Constantino's face all day--were recognized for their play last week. Princeton forward Karl Schellscheidt, who tallied two assists in the Tigers' 4-3 victory over Brown, Brown forward Steve Lacy, who registered a goal and an assist against the Tigers, and Yale stopper Jay Hambrick, tallying his first career goal--the game-winner against the University of Massachusetts--round out last week's honor roll...