First, boardroom eavesdropping? Now corporate espionage? Just when you had almost forgotten about the mess that was Mark Hurd’s first year at HP, we now find out that a serious lack of integrity and accountability wasn’t limited to HP’s directors… Apparently, its officers were in on the game as well. From [...]
On Tuesday, I posted about Jim Cayne was resigning as chief executive from Bear Stearns, the first exit of the four “top execs” I said might soon be sent packing (see the original post from back in November). Today, Angelo Mozilo sold his (apparently nearly bankrupt) Countrywide Financial to Bank of America (the Wall [...]
Two months ago, I joined quite a few other people in saying it was about time James Cayne resign from Bear Stearns. Bloomberg is reporting that an announcement will likely come this morning, confirming that Cayne will be stepping down.
In my post back in November, I lumped Cayne in with three other chief executives: [...]
In my message last fall to my colleagues at Kaiser Permanente, I voiced my concerns that the Kaiser Foundation Health Plan Board of Directors was abdicating its most important responsibility: the oversight of our chief executive officer. I had spoken with several directors last fall, and was disappointed and shocked by their lack of [...]
Chuck Prince, chief executive of Citigroup since 2003, has resigned. Prince is being temporarily replaced as Citi chairman by Bob Rubin, who was Treasury Secretary for most of the Clinton years. Win Bischoff also will serve as interim chief executive.
The country club of bad former chief executive officers is growing. Now that [...]
In his latest weekly update, George Halvorson insists Kaiser Permanente has no “glass ceiling.” Mr. Halvorson’s spin couldn’t be further from the truth, sadly. WellPoint and Blue Shield of California both have many more women among their senior executive ranks than Kaiser Permanente. How disappointing that, instead of using his energy to [...]
Ever heard of the so-called Foundation for Support of Health and Development in Africa? No? Me neither. It was a supposedly not-for-profit organization that was involuntarily shut down by the Louisiana Secretary of State. Do you think it had any connection to a so-called CentralHealth of Louisiana, Inc.? Which was [...]
You might want to read my last post, just in case you missed it. I’m not saying it has anything to do with this one. I’m just saying…
Is there anything odd about this press release from last week? I didn’t think anything of it at the time, but I had a reason [...]
“A committee of the [...] Board of Directors has been formed and is conducting the search for a new CEO.”
That particular statement came from Sprint today, somewhat earlier than expected, to announce that Gary Forsee has stepped down as chief executive officer, effective immediately.
On a much more important note, however, I learned this evening that [...]
The gist: Well, I told you so. That was in December 2004. By June of 2005, I had moved Nextel to my “endangered companies” list. And, here we are today. The Wall Street Journal says the Sprint board has begun quietly searching for a new chief executive, and they hope to [...]