That trumps salary and health benefits, says Executive Board CEO Brian Kropp.
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Reuters is reporting that the HP board may oust CEO Leo Apotheker, who has been on the job for less than a year, and replace him on a temporary basis with board member and former eBay CEO Meg Whitman.
They have also brought into their board former CEO of Morgan Stanley John Mack and former Treasury Secretary Larry Summers.
However, the real question is this: Did the Citigroup board demonstrate effective CEO succession planning?
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Here the alleged rogue employees included the chairman of the board, the CEO and the CFO.
Barbara runs the family philanthropic foundation, and Marilyn is the current chair of the board and former CEO.
The month of April also saw Heinrich von Pierer, chairman of Siemens' supervisory board, and CEO Klaus Kleinfeld leave the firm.
After the board meeting, CEO Steve Ellis invited me to stick around and sit in on a pitch he was giving to a prospective client.
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Pamela Brier, a board member and CEO of Maimonides Medical Center in Brooklyn, praised the mayor and the city's health commissioner, Thomas Farley, for the proposal.
Its 2008 survey found that while board members rated CEO succession as one of their most crucial responsibilities, only 11% said their companies were highly effective at it.
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"Cooperation with Volvo is an important milestone in the development of top-quality components and systems for electric cars subsequently intended for series production, " says Siegfried Russwurm, Siemens Board member and CEO of the Siemens Industry Sector.
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For a long while the Hostess board stuck with CEO Craig Jung, who had helped lead Hostess through bankruptcy, but who critics say pushed for an unpopular new distribution system, didn't innovate enough and approved an unprofitable hot dog bun promotion.
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With my background in venture capital and investment banking, the Tides board chose a CEO from way outside what would have been its comfort zone 35 years ago and signaled its readiness to start a more entrepreneurial phase and adapt to new times.
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Not long after my last post (October 19), which concerned the tenuous relationship between the Hewlett-Packard board and former CEO Mark Hurd, came word that a group of shareholders have sued current and past H-P board members, including Hurd, alleging that directors allowed and possibly encouraged illegal activities in sales to the U.S. government.
He will be replacing interim CEO and Board member Mike Mikan who held the reins following the unexpected dismissal of CEO Brian Dunn, a 28-year veteran who had been CEO since 2009, due to inappropriate behavior.
Hewlett-Packard ( HPQ - news - people ), whose board split over the departure of former CEO Mark Hurd, has now recruited five executives to its board with industry expertise but also with business ties to the new CEO, Leo Apotheker.
Lanty Smith, a long-time board member who is already chairman, is taking over as interim CEO while a board committee searches for a successor.
Buffett and Munger are also Board members and Buffet holds dual titles of CEO and Chairman of the Board.
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Other investors include John Thompson, former CEO of Symantec and Microsoft board member, and Lane Bess, former CEO of Palo Alto Networks.
Doug Conant, a current director on Avon's board and the former CEO of Campbell Soup Co.
Buffett, Chairman of the Board of Directors and CEO, age 80, in consultation with Charles T.
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It took a long time, some four years, but the board finally let the CEO go.
And be aware, that your CEO and Board of Directors are talking about reputation.
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The CEO and board will stay committed if there is real strategic value.
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James Rogers is chairman of the board, president and CEO of Duke Energy and chairman of the Edison Electric Institute.
If I have comments, I often put them in an email and send it to the CEO and board after the meeting.
But on Tuesday, Aug. 3, H-P director Larry Babbio told the CEO the board wanted to begin the process of letting him go.
And, small molecule pharmaceutical developer Myrexis ( MYRX) said its board has appointed interim CEO and CFO Robert Lollini to take the CEO post permanently.
Biver along with the late Nicolas Hayek, CEO and board chairman of Swatch, are credited with saving the Swiss watch industry from the quartz movement.
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