Corporate Governance

Good corporate governance - pointing out corporate directors who should and shouldn't be elected anywhere. This is my attempt to keep track of good people for board of directors and keep track of people who should be avoided.

Wednesday, October 11, 2006

CNet - Shelby Bonnie admits stock options games, stays on board anyway

Oh yeah, and cut their guidance too.

Unfortunately, other people in the firm were fired because the CEO wanted to show that somebody was taking responsibility (Just not the CEO).

Who's on this board?

Neil Ashe
Chief Executive Officer
CNET Networks

Shelby Bonnie
Co-Founder and Former Chief Executive Officer
CNET Networks

John "Bud" Colligan
Partner
Accel Partners

Peter Currie
President
Currie Capital

Jarl Mohn
Former Chief Executive Officer
Liberty Digital, Inc.

Betsey Nelson
Former Chief Financial Officer
Macromedia

Eric Robison
President
IdeaTrek, Inc.

posted by Larry Diamond # 10:10 PM 0 comments

McAfee does the ethical thing on option grants

Fires the President, allows the CEO to resign.

Who's on this good board?
Chuck Robel - Chairman
Robert B. Bucknam
Leslie G. Denend
Dale Fuller - Interim CEO
Denis J. O'Leary - Chair Compensation Committee
Robert Pangia - Chair Audit Committee
Liane Wilson - Chair Nominations and Governance Committee
Robert Dutkowsky

George Samenuk was the Chairman and CEO who quit.
President Kevin Weiss was fired.

posted by Larry Diamond # 9:58 PM 0 comments

Sunday, October 08, 2006

General Motors, again

York quits the board.

Who's on this board that seems happy to let Wagoner drive GM into the ground?

Percy N. Barnevik
Retired Chairman,
AstraZeneca PLC
Director since 1996

Erskine B. Bowles
President,
The University of North Carolina
Director since 2005

John H. Bryan
Retired Chairman
and Chief Executive Officer,
Sara Lee Corporation
Director since 1993

Armando M. Codina
Chairman
and Chief Executive Officer,
Codina Group, Inc.
Director since 2002

George M.C. Fisher
Retired Chairman
and Chief Executive Officer,
Eastman Kodak Company
Director since 1996

Karen Katen
Vice Chairman,
Pfizer Inc
and President,
Pfizer Human Health
Director since 1997

Kent Kresa
Chairman Emeritus,
Northrop Grumman Corporation
Director since 2003

Ellen J. Kullman
Executive Vice President,
DuPont Safety & Protection;
DuPont Coatings & Color Technologies;
Marketing & Sales and Safety & Sustainability;
E.I. du Pont de Nemours and Company
Director since 2004

Philip A. Laskawy
Retired Chairman
and Chief Executive Officer,
Ernst & Young
Director since 2003

Eckhard Pfeiffer
Retired President
and Chief Executive Officer,
Compaq Computer Corporation
Director since 1996

G. Richard Wagoner, Jr.
Chairman
& Chief Executive Officer,
General Motors Corporation
Director since 1998

A lot of retired CEOs and no car experience.
Kodak, there's a company that's done well.

I'm just not seeing a talented board here that knows car sales and manufacturing.

posted by Larry Diamond # 10:37 PM 0 comments

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