After receiving awards from publications like Business Week and other organizations,
[superstar] CEOs extracted more money from their companies — mostly in the form of stock and options — than their nonwinning counterparts. But in comparison, their companies’ returns and stock performance suffered. (thanks WSJ)
Spiegel Magazine tries to answer the question.
Phil Knight, Steve Jobs, Dee Hock, Sidney Harman and what their libraries reveal about who they are… or how they think.
Poetry speaks to many C.E.O.’s. “I used to tell my senior staff to get me poets as managers,” says Sidney Harman, founder of Harman Industries, a $3 billion producer of sound systems for luxury cars, theaters and airports. Mr. Harman maintains a library in each of his three homes, in Washington, Los Angeles and Aspen, Colo. “Poets are our original systems thinkers,” he said. “They look at our most complex environments and they reduce the complexity to something they begin to understand.” (NYT)
Ten of the most high-profile chief executives and chief financial officers behind bars in the US and the UK are serving a total of 134 years. The oldest will be an octogenarian when he is released, assuming he serves his full sentence, and the youngest will be 47.
- Bernard Ebbers, WordCom ($11 billion accounting fraud)
- Scott Sullivan, WorldCom ($11 billion accounting fraud)
- Dennis Kozlowski, Tyco International (stole more than $150 million from the company)
Can you tell who the other seven are?
If a CEO gets dinged for driving under the influence, should a company have to disclose it?Answer and discussion here: Herb Greenberg: I Got it Wrong: US Airways Should’ve Disclosed CEO’s DUI