CEO turnover seems to have peaked but boards are becoming increasingly ruthless and are more prepared to give bosses the chop. And the latest figures show that the private equity boom is taking its toll on CEOs.
A new report shows that most fraudsters are not acting on their own. Usually it involves the CEO and CFO working together to cheat shareholders. The report also reveals that external auditors and directors might be in on it too.
With the jury selected in the Conrad Black trial, it's worth looking at why some corporate leaders go off the rails? Is it greed? Arrogance? Studies show that it’s because they believe the rules don’t apply to them. They’re invincible, y’see.
It's a sign of the times. Whole Foods Markets CEO John Mackey in a letter to his employees, republished in Fast Company, has announced that he is taking a massive pay cut - to just $1 a year. And there are signs that 2007 will be the year they prick the CEO pay balloon.
The generous rewards for chief executive officers reflects "market failure" and can't be justified by arguing that the top job gets highly paid because it has more risks, according to a new report.
Leon Gettler is a blogger and senior business journalist at The Age, specializing on management issues. His latest book, Organisations Behaving Badly focuses on the forces that lead smart executives into making dumb decisions.
