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Author Archives: Russ Banham

Russ Banham
Russ Banham (russ@russbanham.com) is a contributing writer to Chief Executive

Paying the Piper


The American Recovery and Reinvestment Act, signed by President Obama on February 17, 2009 mandates strict new rules on executive compensation for recipients of the federal Troubled Asset Relief Program.

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Tireless in Seattle

Two years ago, 80-year-old Safeco Insurance Co. came dangerously close to shutting its doors for good. Earnings had plunged to just 9 cents per share, and the stock price had fallen to $22 from a 1998 peak of $56. Management decisions by its former chief, including a misguided acquisition and ventures into non-core businesses, conspired with an antiquated underwriting process ...

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