Jamie Dimon to JPMorgan: You Need Me More Than I Need You
The Wall Street Journal reports JPMorgan CEO and Chairman Jamie Dimon has threatened to leave the company if shareholders vote the split up his two positions.
Corporate governance
HP Chairman Ray Lane Resigns, Whitworth Takes Over For Now
Hewlett-Packard Chairman Ray Lane, who has come under fire from shareholders for his role in the botched acquisition of British software firm Autonomy Plc, has stepped down.
Average Joe CEO Made $9.6 Million in 2011
Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by the AP using data from Equilar, an executive pay research firm.
Walmart Bribery Scandal Raises the Question: How Ethical Are the Stores You Shop?
The Walmart bribery scandal has shined a harsh spotlight on corporate misdeeds. How can you keep track of the probity of the businesses you patronize? These websites can help.
Facebook's Big Weakness: There's Nobody to Say No to Zuckerberg
Facebook's $1 billion acquisition of Instagram surprised outsiders this month, but Facebook's own board of directors was caught almost as off guard by Mark Zuckerberg's highhanded move. Here's why that doesn't bode well for Facebook's future:
Morningstar Breaks Its Own Rules on Splitting the Top Jobs
Investment research firm Morningstar is steadfast in its view that the chairman who oversees a CEO shouldn't also be the CEO: Separation of the roles is a key point on its corporate governance checklist ... except when it comes to its own founder, Joe Mansueto.
Is This Company Prepared for the Worst? (Probably Not)
Every investor should be asking their portfolio companies what succession plans they have to replace their CEOs in the event of a tragedy like that which befell Micron Technology CEO Steve Appleton last week. Because unfortunately, many companies don't have any plan at all.
The Most Ethical Business in the World Is ...
Earlier this year, Ethisphere published its fifth annual list of the World's Most Ethical Companies. You'll be interested in which ones made the top of the list, but what's more important is how -- and how well they do by doing good.
Russia or China: Which Country Is More Hazardous for Investors?
You can put new clothes on formerly communist nations, but it's hard to change what's under their skin. Don't be fooled: Both Russia and China have really awful bones. So before investing in either one, know the risks that lurk below the surface.
CalPERS, Apple Spar Over Governance Policy
U.S. pension fund giant CalPER has submitted a shareholder proposal -- calling on Apple investors to approve a policy, requiring the computer company's directors to win at least a majority of votes to retain their board seat.
New Year Hurdles: Top 10 Challenges for CEOs in 2011
With the recession over -- in a sense, anyway -- many CEOs are happy to be standing. And after three tumultuous years, some are even cautiously optimistic. But 2011 is sure to present a whole new set of obstacles for corporate chiefs to confront -- and conquer.
Fewer CEOs Headed for the Exit in October
The number of chief executive officers leaving their posts in October fell to its lowest level in 18 months, according to a new report released today. The drop seems to show that the volatile job market, at least among corporate chiefs, appears to be stabilizing.
Asia Leads the IPO Race as U.S. Drops Further Back
Over the last 11 years, Asia's IPO market has ascended while the U.S. market has imploded. Led by China, which has raised $76 billion through IPOs in 2010, Asia's share of global IPOs has increased from 12% in 1999 to 66%. Meanwhile, U.S. IPOs have declined from around 44% to 11% during the same time period, according to Bloomberg.
Why Are So Many Board Members Becoming CEOs?
The number of Fortune 1,000 board members who have been tapped to lead the companies whose boards they served on has more than tripled in the past 12 months. The reason is poor succession planning, and the results may be problematic both for those businesses and the corporate world at large.
Economist Joseph Stiglitz: Put Corporate Crooks in Jail
In a wide-ranging interview, the Nobel Prize winner decries the system of skewed incentives that allowed Wall Street bankers and other corporate execs to gamble with the country's wealth -- and then get away largely scot-free. What happened to "with justice for all," he asks.