Larry Bossidy

Bossidy joined General Electric as a trainee in 1957, rising to vice chairman and executive officer in 1984. He left GE in 1991 to become chairman and CEO of AlliedSignal, a position he held until the merger of AlliedSignal and Honeywell in 1999, when he became chairman of Honeywell, the name given the combined companies. He retired from Honeywell in April 2000. After European regulators … [ Read more ]

Michael Prowse

The role of the corporation “is to provide individuals with the means to be socially responsible. Rather than trying to play the role of social worker, senior executives should concentrate on their statutory obligations. We should not expect benevolence of them, but we should demand probity: the socially responsible chief executive is the one who turns a profit without lying, cheating, robbing or defrauding anyone.” … [ Read more ]

Decisions: Making the right ones. Learning from the wrong ones

There are two standard schools of advice on how to make decisions under pressure: Use your head, or go with your gut. A third option-the experiential approach-combines the best of the rational and the intuitive.

The Myth of CEO Accountability

When the day is done, very few CEOs and boards are involved in the chicanery, deception, stock manipulation, insider trading, and other misdeeds that have given American corporate governance a black eye. Truly, there will always be a few bad apples, but even the best and the brightest can be caught off guard. While there is no perfect system, it is indeed possible to make … [ Read more ]

Escape From Corporate America

More and more women are abandoning big companies to strike out on their own.

Jim Collins

..you don’t search for an idea. You search for questions. Every single major piece of work I have been involved with came because some great student asked me a question that I could only stare at and say, “that’s a great question. I will have to get back to you.”

It’s Not Our Fault – Usually

Fingers are being pointed at compensation consultants. “It’s your fault,” critics are charging. “You’re to blame for all the outrageous executive-pay packages.” But are they really responsible? After all, a board of directors must still approve their suggestions. Just how willing are compensation professionals to play the blame game? ATB asked a group of consultants to answer their critics.

Have We Run Out of Big Ideas?

Looking over the current crop, you might think so. Look harder.

The Ivory Chateau

Is INSEAD the ultimate global b-school?

Worry About the Details

Charles Elson, director of the University of Delaware’s Center for Corporate Governance, is much in demand these days. Here, he talks about pay for performance, why a lot of directors won’t be returning next year, and how sniffing out fraud is like looking for ants.

Jim Mitchell

A well-designed CEO-compensation plan has four elements to it. One is base salary; one is a short-term bonus that is basically a one-year result based on customer satisfaction and the employee-values survey as well as just financial results. Then there’s a longer-term cash bonus, based on the same results over three to five years. Finally, I think stock options-at a reasonable level, please-are an appropriate … [ Read more ]

Does It Pay to Be Good?

Advocates of corporate social responsibility think their time has come, but there are still cynics on all sides. ATB looks at the rise of this phenomenon and the hurdles it still has to face.

Simon Zadek, CEO of AccountAbility

Although the question ‘Does corporate citizenship pay?’ is technically right, it is misleading in practice. Rephrasing the core question as ‘In what ways does corporate citizenship contribute to achieving the core business strategy?’ is far preferable.

The Case for Secrecy

“Money is a taboo topic in our society. Keep it that way.”

Should people in an organization know precisely what their co-workers are paid? …if one wants any peace at the office, secrecy is by far the best option.

How Much Should A CEO Make?

Dissatisfaction with excessive CEO pay has grown steadily in recent years, and the calls for pay cuts in the corner offices have never been louder than in the wake of the recent corporate scandals. But while everyone from the man on the street to the man in the Oval Office has an opinion on how much is too much, no one seems to be able … [ Read more ]

Questioning Authority – Wayne Cascio is down on downsizing

Downsizing may not be getting as much media attention as the recent corporate scandals, but Wayne Cascio hasn’t forgotten about it. A management professor at the University of Colorado at Denver, Cascio has been studying the effects of downsizing on both individuals and corporations since 1993. While Cascio is sympathetic to the victims of job cuts, he is just as concerned about the companies. His … [ Read more ]

The Secrets of Performance Appraisal

“Too many companies remain in denial about the benefits that a well-executed performance-management system generates. They may articulate the importance of transforming their stale “best-effort” culture into a tough-minded, results-driven one, but they fail to fathom that performance appraisal is the best tool available for muscle-building an organization.

So, understandably, those companies that have learned to wield this tool effectively don’t want to talk about it. … [ Read more ]

Research Roundup – The Office of the Chief Executive

The Office of the Chief Executive, a small group of senior executives who help the CEO run the business, has been used as a management tool for at least a century. During that time, its popularity has waxed and waned, it has served a variety of purposes, and it has even been known by a number of names. Here are some pluses and minuses to … [ Read more ]