Dan Bigman

Dan Bigman
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Dan Bigman is Editor and Chief Content Officer of Chief Executive Group, publishers of Chief Executive, Corporate Board Member, ChiefExecutive.net, Boardmember.com and StrategicCFO360. Previously he was Managing Editor at Forbes and the founding business editor of NYTimes.com.

CARES Act for Midsized Businesses: A Checklist for Preparing Your Loan...

For companies with 500-10,000 employees, the coronavirus aid plan promised by Congress has yet to materialize. But if you’re waiting to start preparing your application, you’re making a big mistake. Here's what to do.

CARES Act: For CEOs, Still More Questions Than Answers

While Congress moves on to the next spending bill, small and medium businesses fear delays in securing actual dollars. A long-time Washington economist shares his thoughts on the rollout.

The 4 Keys to Securing a Coronavirus-Aid Loan From Your Banker

If you haven't already, your company will soon be meeting with your banker to secure help to weather Coronavirus. Be sure your team is prepared.

A Brief Guide to Getting Help From The CARES Act for...

If you’re going to need a loan or a lifeline—and most of us probably will—treat the effort like you're trying to win an essential new customer.

Jefferies CEO: To Save Economy, Washington Must Backstop Mid-Market U.S. Businesses....

A straightforward plan for keeping businesses alive and people employed, with the cost ultimately borne by the private sector, but financed for a time by government.

Marillyn A. Hewson, 2018 CEO of The Year, Steps Aside at...

[caption id="attachment_66061" align="aligncenter" width="1000"]Marillyn Hewson at the 2018 CEO of the Year Event, at the United Nations in New York City. Photo credit: Ben Hider Marillyn Hewson at the 2018 CEO of the Year Event, at the United Nations in New York City. Photo credit: Ben Hider[/caption] Defense giant Lockheed Martin announced this morning that Marillyn A. Hewson, its longtime CEO, would turn over the top job to board member and American Tower CEO James Taiclet and become executive chairman of the board, effective June 15. Hewson, who took the reins in 2014, led Lockheed and its 100,000 employees through the most spectacular period of growth in the company’s history, including the successful rollout of the F-35, the largest-ever U.S. defense program. In 2018 she was named our Chief Executive of the Year by a committee of her peers. Read complete interview. The selection committee cited her performance leading the company through an era of profound political and technological change—which has had an outsized impact on Lockheed’s operations. They also highlighted her work to improve STEM education, grow the nation’s pipeline of highly skilled labor and improve diversity in the technology industry. “Marillyn has demonstrated exceptional leadership, proving to be an exceptional role model and exceptional person—something we need in business, especially today,” Mark Weinberger, then-CEO of EY and a member of the selection committee, said at the time. Tamara Lundgren, CEO, Schnitzer Steel, added: “Marillyn has led her company with tremendous vision and integrity, and the results have shown through both financial and operation performance as well as the diversity and loyalty of the people she leads.” The daughter of a struggling single mother of five (her father died of a heart attack when she was 9), Hewson grew up in Alabama and earned her bachelor’s and master’s (in economics) at the University of Alabama. After school, she worked as an economist at the Bureau of Labor Statistics before joining Lockheed Martin’s Marietta, Georgia, plant as an industrial engineer in 1983. She was usually the only woman in the room at meetings. Over the next three decades, she worked her way up through the company and held leadership positions in four of the company’s five divisions. "I know it is the right time to transition the leadership of Lockheed Martin,” Hewson said in a statement issued by the company today. “The corporation is strong, as evidenced by our outstanding financial results last year and a record backlog of business. We have a bright future – particularly with Jim and our outstanding leadership team at the helm. I'm pleased the board agreed with my recommendation. As Lockheed Martin's next CEO, Jim will lead the company forward in its next phase of growth and value creation." Taiclet is no stranger to the aerospace and defense industry. Prior to American Tower, which he joined in 2001, he served as president of Honeywell Aerospace Services and VP of engine services at Pratt & Whitney, a unit of United Technologies. He also worked as a McKinsey consultant specializing in telecommunications and aerospace. He is a graduate of the U.S. Air Force Academy, and served as pilot in the U.S. Air Force, including a tour of duty during the Gulf War. "I'm honored to be asked to succeed one of the most respected CEOs in America. While serving on Lockheed Martin's board, I've not only been impressed by the company's continued growth as a leader in aerospace & defense but also by the dedication and commitment of Marillyn and Lockheed Martin employees to deliver for its customers," Taiclet said in a company statement. "As a military veteran, I understand the mission of this great company to provide global security and innovative solutions for the brave men and women who protect our freedom."

The SaaS Tax

There’s plenty to like about cloud-based subscription solutions, including access to high-end tech. But there's also plenty to be wary of.

Stronger From The Coronavirus Crisis

Rather than just muddling through, CEOs and directors should see coronavirus as a chance for their companies to act with integrity and prove to all their stakeholders that they can weather a storm.

Jack Welch Webinar: ‘In a Business, There Are Two Measurements That...

Jack Welch, the legendary chief executive who transformed General Electric into one of the most successful companies of the last century during his tenure died today according to media reports. He was 84. Welch was one of the most widely-followed and imitated CEOs of our time, who made lean operations a cornerstone of modern management and nurtured a who’s who of executives who went on to run many of the nation’s best-known businesses after leaving GE. He was named Chief Executive of the Year in 1993. He presided over a stock surge of nearly 3,000 percent during his tenure, according to Bloomberg. His influence on a generation of management thinking is indisputable. In an online master class he co-hosted last year on employee engagement with Chief Executive and Execute to Win, an Arizona consultancy, Welch laid out his basic principles for leadership. It's a reminder of his powerful ability to distill and communicate complexity though simple shorthand—that identifying, focusing and communicating a few key elements is, in many ways, the most essential CEO skill. "People talk employee engagement, but they don't live it," he said. "You've got to live it every day. You've got to get into the skin of your people. You've got to make them feel the objectives, make them feel where you're going. How you're going to get there and what they have to do to participate and what's in it for them when you get there. If you do that, you engage. "In a business, there are two measurements that count. Employee engagement and customer satisfaction. You get those two things right and then you measure cash flow—and cash flow is the ultimate measurement. You'll watch your cash flow grow as you engage your employees and satisfy your customers."

Clayton Christensen’s Biggest Idea

Christensen, one of the most influential business thinkers of the last fifty years, died at 67. We were lucky to spend time with him last year.
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CEO CONFIDENCE INDEX

CEO Optimism For 2021 Plateaus In October Amid Contentious Election And Covid Uncertainty

Chief Executive’s October polling of nearly 500 CEOs finds CEOs cautious on the eve of the Presidential election.