The Greedsters Sequels: DUAL ROLE OF CEO/BOARD CHAIR UNDER ATTACK

Thursday, June 7, 2012

DUAL ROLE OF CEO/BOARD CHAIR UNDER ATTACK

WSJ- At long last, the pendulum is swinging towards non-sharing of the roles of CEO and Board Chairman by the CEO. According to head-hunter Spencer Stuart, 20% of S&P companies now have separate individuals as CEO and Board Chair compared to 12% in 2007. This development "is creating a second seat of power (and responsibility) at the top of big companies". Mr. Stephen Davis of Yale's School of Management states "Shareholder resolutions have been critical in opening boards' minds to splitting the chair and CEO". At Nabors Industries, Ltd., a shareholder's resolution was approved to give shareholders a better way for making choices felt when voting occurs. A restriction on shareholders limits a shareholder's vote, however, to one who has held at least a 3% ownership position in shares for more than 3 years to nominate competing candidates for up to a fourth of the Board's seats. It's a start, at least.

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WHAT IS A "GREEDSTER"?

A General description of a "GREEDSTER" is any company, organization or individual for whom "ENOUGH IS NEVER ENOUGH".

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A Blogsite titled "The Greedsters Sequels" follows up on true stories from the book, "The Greedsters". The book was published with a cut-off date that left many true stories incomplete because of on-going investigations. charges, trials, verdicts and sentencing with appeals possible that could take years to a conclusion. By Posting new developments as they occur, the book can remain current and topical for years, giving the book a life of its own. We will post the Sequels on the Blogsite - it's up to you to keep pace with the stories - at no cost to you. Enter "The Greedsters Sequels" on any search bar of your computer, click "The Greedsters Sequels" on the display page and bingo - there you are. General Greedsters Blogsite information will remain indefinitely but General Postings will advance into an archive after 30 days or so from which they can be retrieved at any time. It costs you nothing to stay informed and your book will never grow old.