The median private company CEO total compensation package for 2017? $350,622. For the record, that’s just 6.7 times the median income for all U.S. workers, not 275 times, as some have said.
Overwhelmingly human capital and talent is reported as the number two concern among PE investors, second only to achieving growth...yet human capital is not being paid attention to.
Here’s to Tim Sloan, and all the other cleanup artists like him. No, he was not perfect. Yes, he made more than $18 million a year, more money than most people can ever imagine. But he paid for it dearly, getting publicly trashed in a way most people can’t ever imagine, either.
Otis Elevator’s products made the leap from human operators to automation decades ago, now it’s ready for its next lift: A.I. capabilities—and being spun out by United Technologies. Judy Marks shares her plan to lead the 166-year-old company into a technology-forged future.
Facebook is proof that a CEO having imperial control over a public company is a terrible idea. Not just for investors, the board, employees or customers—but for the CEOs themselves.
New York always ends up at or near the bottom of our Best and Worst States for Business list. Today, thanks to the Amazon fiasco, we got a good reminder of why.
[caption id="attachment_67758" align="alignnone" width="594"] Starbucks founder and CEO Howard Schultz says he's contemplating a run for the White House.[/caption] Starbucks founder and former CEO Howard Schultz planted himself center stage for the opening rounds of the 2020 race for the White House Sunday, telling ’60 Minutes’ that he was seriously considering a run for the presidency—as an independent candidate. Chief Executive Editor-At-Large Jeffery Sonnenfeld says Schultz is immensely qualified for the job—but it would take a lot of things going right for him to win. “He won’t be going down easily with the Democratic Party,” Sonnenfeld told CNBC Monday (watch the full video, below). “If he can get that 40% of centrists, that will be the big argument.” The best scenario for Schultz, says Sonnenfeld, would be a showdown between President Trump and a democratic socialist like Elizabeth Warren. If that happens, then Schultz “will run away with it.” The biggest obstacle? Joe Biden as the Democrat's candidate. Like Schultz, Biden has a blue-collar background, lots of name recognition, and is a far more centrist candidate than someone like Warren. If Biden runs, “it’s a lot more complicated,” says Sonnenfeld. “I don’t think Joe Biden and Howard Schultz want to run against each other. I know Joe Biden quite well and he’s quite serious about getting in here and this definitely complicates it.” Back in June, Sonnenfeld detailed why he thought Schultz would be a fit for the White House in a column for Chief Executive, writing that "Donald Trump borrowed the core iconography of mythic American business figures, whereas Howard Schultz actually models" the needed qualities. Asked by CNBC what he thinks of Schultz as a candidate, Bill George, the former CEO of Medtronic, says he loves the idea. “Howard is a truly authentic leader,” says George, “and I think he’s going to be a truly important voice on issues that need to be heard in our country. “If you get an Elizabeth Warren versus a Donald Trump, he looks awfully good as an independent because he’s a fiscal conservative who’s socially liberal, something we haven’t had in 20 years.” I don't think Biden and Schultz want to run against each other, says Yale's Jeff Sonnenfeld from CNBC.