Ray Lane will step down as chairman of Hewlett-Packard after a rocky two-and-a-half-year tenure. The surprise move is in addition to the surprise resignations of two other board directors, John Hammergren, CEO of McKesson, and G. Kennedy Thompson, former CEO of Wachovia, who nearly lost their seats at the March annual meeting.
While use of company aircraft is a common perk for many CEOs, a noted governance expert suggests that a formal policy for its use is the best way to protect the company and the CEO from unwanted shareholder lawsuits.
Wal-Mart's alleged FCPA violations are bound to bring about much legal fallout. Executives have gone to jail for violating the FCPA, and only time will tell what will happen to Wal-Mart's C-Suite. If your company does any business outside the U.S., it's important to follow this story and let Wal-Mart's missteps be a cautionary tale. Here's what you need to know.
Brian Dunn, the former CEO of Best Buy, has now joined the ignominous ranks of CEOs who've allegedly had public affairs with employees and lost their jobs. What causes some CEOs to start to believe the rules don't apply to them? And is it really the affairs that get them fired?
Every CEO likes to think he or she displays complete integrity as a leader. When investors or employees think otherwise there can be unwelcome valuation consequences.
Dominique Strauss-Kahn, David Sokol, Mark Hurd, Lee Farkas. These powerful business leaders have taken over the headlines because they chose to engage in abuses of power. With offenses ranging from bank fraud to sexual assault, one wonders why such smart people would risk their careers in such reckless and destructive ways. Harvard Business School professor Bill George explains the appeal of rule-breaking and why so many prominent leaders end up on the wrong side of the law.
How can business leaders revive stakeholder confidence?
Everyone knows that leadership involves values. But many business leaders do not understand exactly how values relate to leadership. That's not their fault. It's...
Proper Behavior Must Be Define And Measured.