One of the most infuriating things to shareholders and the public is when a CEO is fired for poor performance and receives millions or tens of millions of dollars of compensation as a settlement. In his Yahoo!Finance column 29 April 2008, Jim Citrin discusses this practice.
The traditionally passive role of the CFO as critic and policeman has changed. Today’s CFOs are highly influential, serving as technical experts in finance, accounting and capital structure while also playing key roles in providing operational insights and knowledge.
Interviews with chairmen, CEOs and advisors on the changing role of the FTSE 100 chairman.
The challenges facing today’s businesses are too complex to be solved by one person or one discipline. For the new CEO, the management team is a crucial resource.
Contrary to a long-held belief, you do not have to deliver a strategy on your first day as CEO. Employees and the board respect this but at the same time they do want to know what a new leader plans to do.
Few managers receive any training as to how to define organisational culture, let alone how to change it. While business journals celebrate the success of CEOs who have honed, rejuvenated and changed a company’s culture, the landscape is littered with those who have failed to make headway against intransigent cultures.
Establishing a productive working relationship with your boss or the board.
Setting proper expectations is one of the most important things a new leader can do to get off to the right start. It is also one of the easiest to overlook.
No serious athlete competes without preparation. It’s no different for corporate athletes approaching challenging assignments. If you’re not prepared before the starting gun fires, you’ll have squandered a golden opportunity.
Communication skills are one of the most important attributes for effective leadership. Vision and strategy reside largely in a vacuum and count for nothing until they are communicated.
The seeds of destruction for new CEOs are often sown in the first 100 days. Being aware of the main causes of CEO failure and trying to avoid these traps will make your assimilation easier.
It is an issue many CEOs wrestle with: how to do the right thing for one’s company, while also doing right by oneself. When it is time to move on, how can a CEO manage the transition in the most
responsible way with the least negative impact on the company, while planning for the next phase of his or her life?
Avon president Andrea Jung talks to Jim Citrin in his 2 October 2007 column in Yahoo!Finance about revamping the company's product lines and marketing.
Jim Citrin spoke to outgoing Time Warner chairman and CEO Richard Parsons about succession at the company in his 13 November 2007 column for Yahoo!Finance.
Jim Citrin speaks to Alicia Mandel about Olympic University, and how the principles of the Olympics can be applied by non-Olympians in business and other capacities. (Yahoo!Finance, 19 Feb 2008)
In his Yahoo!Finance column (14 July 2008) Jim Citrin examines the work of author David D'Alessandro and his ideas on career management.
Jim Citrin looks at the man behind the $700bn bail out of the US economy. (Yahoo!Finance 23 September 2008).
Following publication of the Higgs and Smith Reports in January 2003, we now have much greater clarification of what is required of the audit committee and its members, and what qualifications will be sought by boards from prospective audit committee members.
Corporate value is becoming increasingly linked to reputation and ethics. A company that lacks social responsibility has no prospects.