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Conversations with the Editor

Why Succession is a Continuity Issue

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Why is CEO continuity so difficult? According to Challenger, Gray’s league table of CEO departures of the past 12 months the recession has not been kind to CEOs, even though the pace has slowed down since last year. In addition to performance pressure, most leaders must confront impatient investors and boards that are less reluctant to pull the trigger. In ...

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So Sorry for this Apology

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Everyone is in full apology mode. GM and Chrysler executives seem to be stuck in constant apology gear starting with their appearance before Congress with a tin cup in one hand and the keys to the executive jet in the other. Now that Rick Wagoner has been given the boot, it falls to him to apologize to countless shareholders for ...

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FeedBack

Wealth CreatorsI am writing to inform you of an error in “CEO Wealth Creators … and Destroyers,” (November/December 2008). According to the authors’ own methodology, the ranking of CEOs focuses “on the performance of companies (and their CEOs) in the S&P 500 index for three years ending on Sept. 1, 2008 … CEOs whose tenure did not coincide for the ...

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Leadership Imperatives

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As you read this, Barack Obama will have been inaugurated as the U.S.’s 44th chief executive. Fittingly, as the U.S. turns a corner with new leadership at the helm of the federal government, we explore in this issue two facets of leadership governing private enterprise: the prospects for growth and opportunity in international markets and what companies are doing at ...

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Fairness to Whom?

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In a new and clever appraisal of the evolving sociopolitical world, David M. Smick’s book The World Is Curved: Hidden Dangers to the Global Economy offers an insight that is commonplace yet startling. “At the heart of today’s globalized new economy rests the notion that every individual is a potential entrepreneur,” he writes. “Notice that this is not simply capital ...

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Miller’s True ContributionTrue to his servant leader management style, Steve Miller [CEO Watch, “Who You Gonna Call?” July/August] continues to be the humble, genuinely nice guy who understates the significance of his Delphi role that has been a template for saving the domestic automotive industry.Economic realities have dismantled the benefits entitlement culture that took root following World War II. Miller ...

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What Must Nardelli Do To Succeed at Chrysler?

The appointment of Bob Nardelli as CEO of the newly privatized-and Americanized Chrysler surprised analysts and shocked observers including many Chrysler workers. The struggling number three automaker lost $680 million last year and says it will remain unprofitable until 2008 as it faces job cuts of 13,000 and restructures and closes less productive assembly plants. For Cerberus Capital Management, which in ...

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Sincerity Is an Overrated Virtue

Last year Toby Young a British journalist, son of a Labour life peer and the author of How to Lose Friends and Alienate People related an anecdote in London‘s Spectator about a friend of his who works for a large multinational corporation who traded in his car for a Toyota Prius. This self-consciously eco-friendly consumer choice had the desired effect ...

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Sunset for SOX

I remember an exchange I had with Cypress Semiconductor CEO T.J. Rodgers this time in 2005 in his San Jose headquarters on the subject of corporate malfeasance:“There are about 17,500 companies in the US and after I get done naming the usual suspects, Tyco, Worldcom, Enron and the rest I would have trouble even naming 17. That’s one-tenth of one ...

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