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 31, 2007
Merrill has two writedowns, possibly has a third coming, ousts the CEO
Who's on this board that actually watches out for shareholders?
Carol T. Christ
President, Smith College; former executive vice chancellor and provost, University of California, Berkeley. 63 years old; Director of Merrill Lynch since 2007.
Armando M. Codina
President and Chief Executive Officer, Flagler Development Group; Chairman Emeritus of the Board of Trustees of Florida International University, 58 years old; Director of Merrill Lynch since 2005. Has been on a number of boards, including Home Depot, American Airlines, General Motors, and Burger King.
Virgis W. Colbert
Retired Executive Vice President of Worldwide Operations for Miller Brewing Company; 65 years old; Director of Merrill Lynch since 2006. Also on the board of Sara Lee.
Alberto Cribiore
Managing Partner and founder of Brera Capital Partners, a global private equity investment firm; former Co-President of Clayton, Dubilier & Rice, Inc.; 59 years old; Director of Merrill Lynch since 2003.
John D. Finnegan
Chairman of the Board, President and Chief Executive Officer of The Chubb Corporation, a property and casualty insurance company; former Executive Vice President of General Motors Corporation, and Chairman and President of General Motors Acceptance Corporation, a subsidiary of General Motors Corporation; 56 years old; Director of Merrill Lynch since 2004.
Judith Mayhew Jonas
Member of the U.K. government's Commission for Equality and Human Rights; former Provost of Kings College, Cambridge; former Special Adviser to the Chairman, Clifford Chance, Solicitors; former Vice Chair of the London Development Agency; 57 years old; Director of Merrill Lynch since 2006.
Aulana L. Peters
Retired Partner in the law firm of Gibson, Dunn & Crutcher LLP; former Member, Public Oversight Board of AICPA; former Commissioner of the U.S. Securities and Exchange Commission; 63 years old; Director of Merrill Lynch since 1994. Also on a number of boards, including 3M, Deere, and Northrop Grumman.
Joseph W. Prueher
U.S. Ambassador to the People’s Republic of China from 1999 to 2001; Consulting Professor to the Stanford-Harvard Preventive Defense Project; U.S. Navy Admiral (Ret.), Commander-in-Chief of U.S. Pacific Command from 1996 to 1999; 62 years old; Director of Merrill Lynch since 2001. Also on a number of boards, including Fluor, Emerson, and Dyncorp.
Ann N. Reese
Co-Founder and Co-Executive Director of the Center for Adoption Policy, a not-for-profit corporation; former Principal, Clayton, Dubilier & Rice, a private equity investment firm; former Executive Vice President and Chief Financial Officer of ITT Corporation, a hotel and leisure company; 52 years old; Director of Merrill Lynch since 2004. Also on a number of boards, including CBS, Sears, Xerox, and Jones Apparel.
Charles O. Rossotti
Senior Advisor to The Carlyle Group, a private global investment firm; former Commissioner of Internal Revenue at the Internal Revenue Service; former Chairman of the Board and Chief Executive Officer of American Management Systems, an international business and information technology consulting firm; 64 years old; Director of Merrill Lynch since 2004.
Carol T. Christ
President, Smith College; former executive vice chancellor and provost, University of California, Berkeley. 63 years old; Director of Merrill Lynch since 2007.
Armando M. Codina
President and Chief Executive Officer, Flagler Development Group; Chairman Emeritus of the Board of Trustees of Florida International University, 58 years old; Director of Merrill Lynch since 2005. Has been on a number of boards, including Home Depot, American Airlines, General Motors, and Burger King.
Virgis W. Colbert
Retired Executive Vice President of Worldwide Operations for Miller Brewing Company; 65 years old; Director of Merrill Lynch since 2006. Also on the board of Sara Lee.
Alberto Cribiore
Managing Partner and founder of Brera Capital Partners, a global private equity investment firm; former Co-President of Clayton, Dubilier & Rice, Inc.; 59 years old; Director of Merrill Lynch since 2003.
John D. Finnegan
Chairman of the Board, President and Chief Executive Officer of The Chubb Corporation, a property and casualty insurance company; former Executive Vice President of General Motors Corporation, and Chairman and President of General Motors Acceptance Corporation, a subsidiary of General Motors Corporation; 56 years old; Director of Merrill Lynch since 2004.
Judith Mayhew Jonas
Member of the U.K. government's Commission for Equality and Human Rights; former Provost of Kings College, Cambridge; former Special Adviser to the Chairman, Clifford Chance, Solicitors; former Vice Chair of the London Development Agency; 57 years old; Director of Merrill Lynch since 2006.
Aulana L. Peters
Retired Partner in the law firm of Gibson, Dunn & Crutcher LLP; former Member, Public Oversight Board of AICPA; former Commissioner of the U.S. Securities and Exchange Commission; 63 years old; Director of Merrill Lynch since 1994. Also on a number of boards, including 3M, Deere, and Northrop Grumman.
Joseph W. Prueher
U.S. Ambassador to the People’s Republic of China from 1999 to 2001; Consulting Professor to the Stanford-Harvard Preventive Defense Project; U.S. Navy Admiral (Ret.), Commander-in-Chief of U.S. Pacific Command from 1996 to 1999; 62 years old; Director of Merrill Lynch since 2001. Also on a number of boards, including Fluor, Emerson, and Dyncorp.
Ann N. Reese
Co-Founder and Co-Executive Director of the Center for Adoption Policy, a not-for-profit corporation; former Principal, Clayton, Dubilier & Rice, a private equity investment firm; former Executive Vice President and Chief Financial Officer of ITT Corporation, a hotel and leisure company; 52 years old; Director of Merrill Lynch since 2004. Also on a number of boards, including CBS, Sears, Xerox, and Jones Apparel.
Charles O. Rossotti
Senior Advisor to The Carlyle Group, a private global investment firm; former Commissioner of Internal Revenue at the Internal Revenue Service; former Chairman of the Board and Chief Executive Officer of American Management Systems, an international business and information technology consulting firm; 64 years old; Director of Merrill Lynch since 2004.
Wednesday, October 17, 2007
Micron's stock tanks, everybody gets new stock grants to make it all right for them, nevermind the shareholders
And who's on this underperforming board?
This is tougher than it sounds.... the site does its best not to put everybody on one page.... if they did that, it would make tracking down these underperformers easier.....
Oh wait, found it, sort of....
Steven R. Appleton - Chairman and CEO of Micron.
Teruaki Aoki - Executive Managing Director at Sony.
James W. Bagley - Chairman of Lam Research, also on the board at Teradyne.
Mercedes Johnson - CFO for Avago, also on the board at Intersil
Lawrence N. Mondry - CEO of CSK Auto, also on the board of Golfsmith
Robert E. Switz - CEO of ADC Telco, on the boards of HickoryTech and Broadcom.
CSK Auto just got current on their SEC filings, and I think they've finally got a new CFO. Always reassuring when the CFO slot is empty. Just off their 52 week low.
Lam Research is currently delinquent in their SEC filings.
This is tougher than it sounds.... the site does its best not to put everybody on one page.... if they did that, it would make tracking down these underperformers easier.....
Oh wait, found it, sort of....
Steven R. Appleton - Chairman and CEO of Micron.
Teruaki Aoki - Executive Managing Director at Sony.
James W. Bagley - Chairman of Lam Research, also on the board at Teradyne.
Mercedes Johnson - CFO for Avago, also on the board at Intersil
Lawrence N. Mondry - CEO of CSK Auto, also on the board of Golfsmith
Robert E. Switz - CEO of ADC Telco, on the boards of HickoryTech and Broadcom.
CSK Auto just got current on their SEC filings, and I think they've finally got a new CFO. Always reassuring when the CFO slot is empty. Just off their 52 week low.
Lam Research is currently delinquent in their SEC filings.
Citigroup sucks again, board backs underperforming CEO
Who's sucking up resources as directors of Citigroup?
C. Michael Armstrong
Chairman - Board of Trustees, Johns Hopkins Medicine, Health System Corporation and Hospital (And still former underperforming CEO of AT&T... hmmmm.... funny he doesnt mention this in his bio?)
• Alain J.P. Belda
Chairman and Chief Executive Officer, Alcoa Inc.
• George David
Chairman and Chief Executive Officer, United Technologies Corporation
• Kenneth T. Derr
Chairman, Retired, Chevron Corporation
• John M. Deutch
Institute Professor, Massachusetts Institute of Technology
• Roberto Hernández Ramírez
Chairman, Banco Nacional de Mexico
• Andrew N. Liveris
Chairman and Chief Executive Officer, The Dow Chemical Company
• Anne Mulcahy
Chairman and Chief Executive Officer, Xerox Corporation
• Richard D. Parsons
Chairman and Chief Executive Officer, Time Warner Inc. (And still underperforming CEO of Time Warner)
• Charles Prince
Chairman and Chief Executive Officer, Citigroup Inc.
• Judith Rodin
President, Rockefeller Foundation
• Robert E. Rubin
Chairman of the Executive Committee, Citigroup Inc. (former Treasury Secretary under Bill Clinton and former bigwig at Goldman Sachs.... odd he doesnt mention this stuff either....)
• Robert L. Ryan
Chief Financial Officer, Retired, Medtronic Inc.
• Franklin A. Thomas
Consultant, TFF Study Group
C. Michael Armstrong
Chairman - Board of Trustees, Johns Hopkins Medicine, Health System Corporation and Hospital (And still former underperforming CEO of AT&T... hmmmm.... funny he doesnt mention this in his bio?)
• Alain J.P. Belda
Chairman and Chief Executive Officer, Alcoa Inc.
• George David
Chairman and Chief Executive Officer, United Technologies Corporation
• Kenneth T. Derr
Chairman, Retired, Chevron Corporation
• John M. Deutch
Institute Professor, Massachusetts Institute of Technology
• Roberto Hernández Ramírez
Chairman, Banco Nacional de Mexico
• Andrew N. Liveris
Chairman and Chief Executive Officer, The Dow Chemical Company
• Anne Mulcahy
Chairman and Chief Executive Officer, Xerox Corporation
• Richard D. Parsons
Chairman and Chief Executive Officer, Time Warner Inc. (And still underperforming CEO of Time Warner)
• Charles Prince
Chairman and Chief Executive Officer, Citigroup Inc.
• Judith Rodin
President, Rockefeller Foundation
• Robert E. Rubin
Chairman of the Executive Committee, Citigroup Inc. (former Treasury Secretary under Bill Clinton and former bigwig at Goldman Sachs.... odd he doesnt mention this stuff either....)
• Robert L. Ryan
Chief Financial Officer, Retired, Medtronic Inc.
• Franklin A. Thomas
Consultant, TFF Study Group
Monday, October 08, 2007
Sprint's board doesnt like the results, so it fires the CEO
Kudos to the board for taking action.
Who's on this board?
Keith J Bane - former executive for Motorola
Robert R Bennett - President of Discovery Holding Company, former CEO of Liberty Media.
Gordon M Bethune - Former CEO of Continental Airlines. Also a director for Honeywell and Prudential.
Frank M Drendel - CEO of CommScope.
Larry C Glasscock - Chairman and former CEO of WellPoint.
James H Hance - former executive at Bank of America. Director at Cousins properties, Duke Energy, and Rayonier. Senior adviser to the Carlyle Group.
V Janet Hill - Director at Wendy's
Irvine O Hockaday - Former CEO of Hallmark. Director at Aquila, Crown Media, Ford, and Estee Lauder (that's a lot of boards......)
Linda Kock Lorimer - Director at McGraw Hill. Executive at Yale University.
Rodney O'Neal - CEO of Delphi. Director at Goodyear.
William Swanson - CEO of Raytheon.
And the ousted CEO is Gary Forsee, who is also a director at Ingersoll Rand.
Interestingly, there's no web page listing everybody on the board at Ingersoll Rand......
Who's on this board?
Keith J Bane - former executive for Motorola
Robert R Bennett - President of Discovery Holding Company, former CEO of Liberty Media.
Gordon M Bethune - Former CEO of Continental Airlines. Also a director for Honeywell and Prudential.
Frank M Drendel - CEO of CommScope.
Larry C Glasscock - Chairman and former CEO of WellPoint.
James H Hance - former executive at Bank of America. Director at Cousins properties, Duke Energy, and Rayonier. Senior adviser to the Carlyle Group.
V Janet Hill - Director at Wendy's
Irvine O Hockaday - Former CEO of Hallmark. Director at Aquila, Crown Media, Ford, and Estee Lauder (that's a lot of boards......)
Linda Kock Lorimer - Director at McGraw Hill. Executive at Yale University.
Rodney O'Neal - CEO of Delphi. Director at Goodyear.
William Swanson - CEO of Raytheon.
And the ousted CEO is Gary Forsee, who is also a director at Ingersoll Rand.
Interestingly, there's no web page listing everybody on the board at Ingersoll Rand......
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