Heading into 2014, many economists and pundits are full of optimism that the U.S. economy finally will kick into a solid-growth mode that it hasn’t enjoyed since before the 2008 financial collapse and that global growth will re-ignite as well. But there remain plenty of reasons for caution, and American CEOs are among those positing them.
The dean of Australia’s Macquarie Graduate School of Management (MGSM) has conducted a study into the level of narcissism as a leadership trait among CEOs at the U.S.’s top 100 companies. The least narcissistic CEOs are revealed in a new study.
Which CEOs made the most egregious errors in 2013? Forbes’s Sandy Adams compiled a diverse roster of bosses’ mistakes that cover a range of behavior, from obliterating their companies’ stock value to making appallingly offensive statements that brought ridicule on them and in one case a boycott of the company’s products.
“Knock and talk” is a law enforcement investigative tool used by government officials with great success on unsuspecting executives to obtain statements from witnesses before they can consult with counsel. Don’t be taken unawares. Here’s how to deal with it should you find yourself the target.
When David R. Lumley, one of two co-chief operating officers at Spectrum Brands, was promoted to CEO in 2010, the maker of Cutter Insect Repellent, Rayovac batteries and other consumer products eliminated the COO position. Now, the Madison, Wisconsin-based company is considering reviving the job.
Clinton Phillips, the founder of Houston-based 2nd.MD, blogs his journey in creating a tech start-up outside its so-called “natural habitat.” In addition, he underscores how business leaders can get a better handle on reducing healthcare expenditure.
Has your company’s vision statement lost its steam? Is it gathering dust? Do employees even know you have a vision statement?
The real reason Mary Barra was just named the next CEO of General Motors is reflected in another Motor City news development this week: GM vehicles scored three of the six finalist spots that were announced in the prestigious North American Car and Truck-Utility of the Year awards given at the Detroit auto show next month.
U.S. companies are switching CEOs at the fastest pace in five years as corporations such as Microsoft, Wal-Mart and GM deal with growth challenges, shifting customer tastes, competition from upstarts, and restive shareholders. Through the third quarter of 2013, 43 companies in the Standard & Poor’s 500 Index were working under new CEOs, according to executive recruiter Spencer Stuart. The year will likely exceed the 49 turnovers in 2011, the biggest for turnover since 2008.
Stack ranking, a 30+-year-old, controversial HR practice, blazed into the headlines recently with Yahoo’s announcement of implementing a form of stack ranking in its quarterly performance review process. Meanwhile, Microsoft, which has been widely criticized by the public and its own employees for using stack ranking, saw the light, with its plan to eliminate its rank and yank system. All of which suggests that it’s a good time to review stack ranking.