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Conversations with the Editor

What To Do About CEO Pay?

The headlines keep coming and so does the indignation. CEO pay practices have become lightning rods for media and shareholder scrutiny and are likely to become more so as the current proxy season gathers force.In 2005, the average large company CEO pay was $10.5 million. In addition, CEO pay is becoming a larger multiple of the pay of front-line employees. ...

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Global Greenspin

Is the sky really falling? Over the last several years a remarkable amount of disturbing news has been advanced calling attention to global warming, the imminent melting of polar ice, mass extinctions and a 12 to 20 foot rise in sea levels by the end of the century. For those still awake at the end of Al Gore’s “An Inconvenient ...

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Charismatics Anonymous

In a recent online column Jack Welch, retired chairman and CEO of GE and Suzy Welch former chief editor of the Harvard Business Review were asked whether leaders should have charisma.  Asking the Welch duo about charisma in leadership is like asking Hugo Chavez if he dislikes the U.S. It’s not whether, it’s how much. While allowing that on a ...

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Will Growth Become the Real Election Casualty?

Wounded by the war in Iraq, embarrassed by Katrina and rendered inert by his decision to stick by Defense Secretary Donald Rumsfeld, President Bush became the lightning rod for all manner of frustration. A majority of independent voters along with 10 percent of Republicans voted Democrat in the recent mid-term elections.Now that the Democratic Party has returned from the wilderness ...

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Are Your Employees Engaged?

In their syndicated Dear Abby-like business column, Jack and Suzy Welch recently identified three areas that offer the best picture of a company’s well-being: Employee engagement, customer satisfaction, and cash flow. Note that in the estimation of the former supremos of GE and the Harvard Business Review respectively, the finance element ranks third. In the dynamic duo’s view these three ...

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Unintended Consequences of the Shorter Shelf Life of CEOs

Recent weeks have not been kind to CEO tenure. Hank McKinnell’s ouster at Pfizer, after the board had set up a three-way contest-meant to last until 2008-to succeed him, came earlier than expected when it pulled the trigger and named Jeffrey Kindler, Pfizer’s general counsel since 2002, to replace him. Hopes that investor sentiment might bend BP’s retirement rule forcing ...

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Should Hedge Funds Be Clipped?

The SEC made much noise to the effect that hedge funds should be more regulated or at least forced to disclose whether felons are running the store. All that changed when the D.C. District Court of Appeals challenged the agency’s authority to regulate the funds. Most hedge funds, pools of money for rich people run by rich people are benign. ...

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