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: [...]
Posts under ‘business’
Cayne out at Bear Stearns.
Kaiser Permanente’s rubber-stamp board.
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 [...]
The country club is growing…
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 [...]
Diversity at Kaiser Permanente: the sad truth.
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 [...]