Twitter filed the initial paperwork on Thursday for its long-awaited initial public offering of stock. Unlike typical IPOs, however, potential investors won’t get a peek at the company’s finances.
When CEOs exceed expectations or outpace rivals they tend to reap big rewards and when they fall short of financial hurdles they tend to lose out on pay and bonuses. According to a reports from the Wall Street Journal based on a study by Equilar more and more S&P 500 CEOs have been clearing or exceeding the goals set by directors. But is this the complete picture? Since when is public company compensation representative for all CEOs?
A state-by-state look at what the Southeast has to offer businesses.
U.S. employers added 169,000 jobs last month. The unemployment rate fell to 7.3 percent from 7.4 percent the previous month. Economists had been expecting job expansion of about 170,000 to 200,000. The Washington Post scores this as a clear signal for an improving economy while The New York Times and other media are more circumspect. Both seem to ignore the fact that if the economy were to fill the jobs gap left by the recession within the next four years, around 300,000 jobs a month would need to be created, according to the Hamilton Project at the Brookings Institution. Why business leaders should take a cautious look and see what’s behind the data.
After announcing its third quarter earnings, HP CEO Meg Whitman spoke with CNBC’s Jim Cramer about the company’s leadership changes to aimed at driving its turnaround. Feeling she might not have fully gotten her message across Whitman went on LinkedIn to elaborate. It’s a communications gambit more CEOs are likely to use when a lot is at stake.
Since he announced his intention to step down as CEO of Microsoft Steve Ballmer has triggered a world wide betting game as to who will succeed him. Microsoft’s board has appointed a special committee to help decide if the next chief executive will be an insider like Julie Larson-Green, or the prodigal Stephen Elop of Nokia. (Ladbrokes, the London betting agents give Elop a 5 to 1 advantage.) But the central issue of concern is what the company needs to do to transform since it lost its dominate position in computing. Microsoft once ruled the tech world. Now it’s one player among many. Will the new CEO have his or her options foreclosed?
The most reviled CEO in America—at least by the establishment media—was Roger Ailes, who disrupted the TV news industry when he created Fox News, now a profitable and powerful voice that has elbowed its way into American media past established rivals. But is technology threatening to destabilize access as young people increasingly opt to watch online video rather than pay for traditional TV content?
It doesn’t get much more absurd. Over the last five years the state of California handed out over $120 million in tax credits and incentives for specific small business startups. Guess what? The state’s Franchise Tax Board is asking for all that money back. Only Sacramento could devise a scheme to change the rules and sock it to job creators.
Why do many incompetent men become leaders? Asks Dr Tomas Chamorro-Premuzic, an international authority in personality profiling and psychometric testing, in a recent Harvard Business Review. The truth of the matter is that pretty much anywhere in the world men tend to think that they that are much smarter than women. Yet, he argues, arrogance and overconfidence are inversely related to leadership talent.
Data analytics is growing in acceptance and importance. Ninety-six percent of senior executives say analytics will become more important to their organizations in the next three years. But at the same time many managers are in doubt about “big data” and what they can do to realize value from it. A recent Deloitte survey revealed that while it’s progressing as a decision-making resource, analytics remains in its early days with many companies concerned that they don’t have the internal skills to leverage it.