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Tag >> CEOs
For the seventh year in a row, CEOs rate Texas as the number one state in which to do business and California as the worst.
Chief Executive magazine's annual "Best & Worst States" survey once again singled out North Carolina as the second best state to do business.
"A handful of states have made business-friendly policies a priority," says J.P. Donlon, Editor-in-Chief of Chief Executive magazine and ChiefExecutive.net. "These forward-thinking states are the exception rather than the rule and include Utah, Arizona, Florida, Tennessee, Louisiana, Texas and Oklahoma."
It looks like 2010 was a boom year for CEO compensation.
According to a new analysis of proxies conducted by Towers Watson, median total cash compensation increased 17 percent for CEOs last year. This compares with a 3 percent median increase the prior year. To compute cash compensation, the consulting firm includes base salary, as well as annual and discretionary bonus payments.
It is the big question facing every company that needs to replace top management or even low level management. Promote from within or reach outside the firm?
Well, a new study found that when it comes to hiring chief executive officers at publicly traded companies, shareholders should urge the board to promote from within.
CEOs continued to grow more upbeat about the overall economy and their own company's prospects.
According to the results of Business Roundtable's first quarter 2011 CEO Economic Outlook Survey member CEOs estimate real GDP will grow by 2.9 percent in 2011, an increase from the 2.5 percent expected in the fourth quarter of 2010.
Chief execs are as upbeat as the global stock markets.
A new PricewaterhouseCoopers survey of 1,201 chief executives in 69 countries found they are nearly as confident in their outlook for revenue growth over the next 12 months as they were during the recent global boom before the financial crisis.
More than half of companies today cannot immediately name a successor to their CEO should the need arise, according to new research conducted by executive search and leadership consulting firm Heidrick & Struggles and Stanford University's Rock Center for Corporate Governance.
"The lack of succession planning at some of the biggest public companies poses a serious threat to corporate health, especially as companies struggle toward a recovery," said Stephen A. Miles, vice chairman at Heidrick & Struggles in a prepared statement. "Not having a truly operational succession plan can have devastating consequences for companies - from tanking stock prices to serious regulatory and reputational impact."
Submitted by Caleb Newquist, republished from Going Concern, Accounting News for Accountants and CFOs.
It's been nearly three weeks since we last picked up the Koss/Sue Sachdeva beat, when we told you about Michael Koss resigning as the audit committee chair of Strattec Security Corp. At that time, Strattec had also elected to give Grant Thornton the boot as its auditor.
Leadership is changing at First Data, but the company's financial results don't look too different from a year ago.
The tech company, which is still owned by private equity firms including KKR, posted earnings before interest, taxes, depreciation and amortization of $530 million for the fourth quarter of 2009, down from $645 million in the same period a year ago, while revenue were about flat at $1.67 billion.
Posted by Ron F in recovery, recession, Obama Administration, Obama, Federal Reserve, economy, cost cutting, consumer spending, China, CFO, CEOs, Careers/Management, Banking, AIG
I find this op-ed today on exports more than confusing. Essentially, the author, a business professor and former chief economist at the Dallas Fed named W. Michael Cox, says that President Obama's call for the U.S. to compete more effectively on that basis should not focus on boosting manufactured goods.
But it seems to me that our so-called comparative advantage in services that Cox says is a sufficient source of GDP growth has in fact put us at a disadvantage to countries such as China and Germany.
In the third season of The Simpsons, Mr. Burns sells his nuclear power plant to two German investors, who ultimately wind up selling the plant back to him at a huge loss. After its clear they are going to take a bath on the investment, one of the investors warns Mr. Burns, "Okay, Mr. Burns, you win. But beware. We Germans aren't all smiles and sunshine."
It's safe to say that particular German has no place in the new SAP.
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