Uber and investor Goldman Sachs have made a proposal to the board that would reduce Kalanick’s voting power, while expanding the power of new CEO Dara Khosrowshahi in preparation for an initial public offering sometime in the next two years.
When it comes to politics, U.S. corporate boards are, in some cases, as polarized as the general population, according to a Harvard Business Review survey of directors of public and private U.S.-based companies.
It seems a familiar story these days—a company on rocky ground for a few quarters suddenly finds itself rudderless as the chief executive is let go or departs for greener pastures. In the resulting vacuum, the pressure to make an immediate hire can be intense. But companies are well served to think carefully about whether they truly need a "corporate savior" who can devise and carry out a turnaround strategy in short order, or whether a long-term leader is better suited to lead the company back to market success.
Is it possible for a CEO to bear the brunt of responsibility with a crisis that festered before she was in charge? Can a company with a poor track record in corporate integrity ever do enough with new transparency measures to acquire a good reputation?
Sheryl Sandberg may have prompted a new conversation across business about “leaning in,” but surely the Facebook COO and champion of female CEOs everywhere didn’t actually mean to create a silly season for gender-policing pundits. There are lessons here for companies that sincerely try to elevate women executives.
Chief Executive’s latest poll of U.S. CEOs finds that across sectors, sizes and states, unresolved supply chain issues, increasing raw material and labor costs, and looming tax increases are inhibiting CEO enthusiasm.
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