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.Thursday, August 13, 2009
Bank of America settles with the SEC about lying to shareholders on the Merrill acquisition
http://online.wsj.com/article/SB124931920883302049.html#mod=testMod This is a link to the Wall Street Journal article. To sum up what the Bank neither admitted nor denied, but just paid the SEC to settle the lawsuit:
The SEC said the documents show Merrill wouldn't pay year-end bonuses or other compensation before the deal closed without Bank of America's consent. Bank of America insisted that it hadn't blessed the payments and was pressed by federal regulators into closing the Merrill deal. The SEC complaint said Bank of America had already "contractually authorized" Merrill to pay up to $5.8 billion in bonuses, or 12% of the total deal price. That deal was written in a separate document and was never distributed to shareholders voting on the deal, the complaint said.
Give credit to the Obama administration for forcing a great deal of turnover on the BOA board. They outright lied to shareholders about a big acquisition, and they deserve to be outed.
The members of the BOA board who presumably signed off on this deception:
William Barnet - no longer on the board - on the board of Duke Energy
Frank P Bramble Sr - Formerly vice chairman of MBNA. Member of the Asset Quality Committee according to the most recent prospectus.
John T Collins - Venture Capitalist.
Gary L Countryman - no longer on the board - Former Chairman of Liberty Mutual. On the board of CBS and some sort of executive at NSTAR.
Tommy R Franks - retired General. Also on the board at CEC Entertainment.
Charles F Gifford - former Chairman and CEO of FleetBoston. Also on CBS's board and some sort of executive at NSTAR.
W Steven Jones - no longer on the board - I have nothing on this person. If you know, please let me know.
Monica C Lozano - no longer on the board - CEO of La Opinion. Executive at ImpreMedia. On the board at Disney.
Walter Massey - He has been a director of the board since 1998 and is a member of the board's Audit Committee. He was a director of BankAmerica Corporation from 1993 to 1998 and currently also serves as a director of McDonald's Corporation. Massey was also formerly a director of Delta Airlines, Motorola, and BP PLC. He is a former director of the National Science Foundation.
Thomas May - no longer on the board. President of NSTAR. Wow - three on these guys at NSTAR. What is that thing doing?
Patricia Mitchell - no longer on the board. President and CEO of the Paley Center for Media. Former President and CEO of the Public Broadcasting Service. Former executive at CNN and Time Warner. On the board at Sun Microsystems. Wow - this is the second time in not too long I've seen the Sun board get mentioned from otherwise bad board members.
Thomas Ryan - CEO of CVS. Also on the Board at Yum Brands. Chairman of the corporate governance committee.
O Temple Sloan - Chairman and former CEO of General Parts. Chairman of Highwoods Properties. Director of Lowes but doesnt seem to have any shares in it.
Meredith R Spangler - no longer on board - doesnt seem to be doing anything.
Robert L Tillman - former Chairman and CEO of Lowes. Also has no shares in Lowes.
Jackie M Ward - former Chairman and CEO of Computer Generation. Director at Equifax, Flowers Foods, Sanmina-SCI, Sysco, and Wellpoint. How can anybody seriously be on the board of six firms?
Okay - NSTAR. I dont know what that is, but I want to short it. I'm a little worried about Lowes. And the Board over at Sun Microsystems worries me - I hope Oracle is doing their diligence on them.
The SEC said the documents show Merrill wouldn't pay year-end bonuses or other compensation before the deal closed without Bank of America's consent. Bank of America insisted that it hadn't blessed the payments and was pressed by federal regulators into closing the Merrill deal. The SEC complaint said Bank of America had already "contractually authorized" Merrill to pay up to $5.8 billion in bonuses, or 12% of the total deal price. That deal was written in a separate document and was never distributed to shareholders voting on the deal, the complaint said.
Give credit to the Obama administration for forcing a great deal of turnover on the BOA board. They outright lied to shareholders about a big acquisition, and they deserve to be outed.
The members of the BOA board who presumably signed off on this deception:
William Barnet - no longer on the board - on the board of Duke Energy
Frank P Bramble Sr - Formerly vice chairman of MBNA. Member of the Asset Quality Committee according to the most recent prospectus.
John T Collins - Venture Capitalist.
Gary L Countryman - no longer on the board - Former Chairman of Liberty Mutual. On the board of CBS and some sort of executive at NSTAR.
Tommy R Franks - retired General. Also on the board at CEC Entertainment.
Charles F Gifford - former Chairman and CEO of FleetBoston. Also on CBS's board and some sort of executive at NSTAR.
W Steven Jones - no longer on the board - I have nothing on this person. If you know, please let me know.
Monica C Lozano - no longer on the board - CEO of La Opinion. Executive at ImpreMedia. On the board at Disney.
Walter Massey - He has been a director of the board since 1998 and is a member of the board's Audit Committee. He was a director of BankAmerica Corporation from 1993 to 1998 and currently also serves as a director of McDonald's Corporation. Massey was also formerly a director of Delta Airlines, Motorola, and BP PLC. He is a former director of the National Science Foundation.
Thomas May - no longer on the board. President of NSTAR. Wow - three on these guys at NSTAR. What is that thing doing?
Patricia Mitchell - no longer on the board. President and CEO of the Paley Center for Media. Former President and CEO of the Public Broadcasting Service. Former executive at CNN and Time Warner. On the board at Sun Microsystems. Wow - this is the second time in not too long I've seen the Sun board get mentioned from otherwise bad board members.
Thomas Ryan - CEO of CVS. Also on the Board at Yum Brands. Chairman of the corporate governance committee.
O Temple Sloan - Chairman and former CEO of General Parts. Chairman of Highwoods Properties. Director of Lowes but doesnt seem to have any shares in it.
Meredith R Spangler - no longer on board - doesnt seem to be doing anything.
Robert L Tillman - former Chairman and CEO of Lowes. Also has no shares in Lowes.
Jackie M Ward - former Chairman and CEO of Computer Generation. Director at Equifax, Flowers Foods, Sanmina-SCI, Sysco, and Wellpoint. How can anybody seriously be on the board of six firms?
Okay - NSTAR. I dont know what that is, but I want to short it. I'm a little worried about Lowes. And the Board over at Sun Microsystems worries me - I hope Oracle is doing their diligence on them.
CIT Group passed a poison pill. Seriously
They're close to going bankrupt and they're protecting themselves against being bought up.
I wasn't going to out the new board members, but since they've gone and done this then they're not simply people who performed bad due diligence when joining the board - they're people who are also part of the problem.
MICHAEL A. CARPENTER
Mr. Carpenter has served as Chairman of the Board and CEO of Southgate Holdings since June 2006. Previously, he served as Chairman of the Board and CEO of Citigroup Alternative Investments from September 2002 to June 2006 and as a member of the Citigroup Business Heads and Management Committees. From 1998 to 2002, Mr. Carpenter was Chairman of the Board and CEO of Citigroup’s Global Corporate & Investment Bank with responsibility for Salomon Smith Barney.
CHRISTOPHER H. SHAYS
Mr. Shays served as a Congressman in the U.S. House of Representatives representing the 4th District of Connecticut from August 1987 to January 2009.
Great - former Citigroup executive and a politician - that looks like a great bunch to have added to this Board.
I wasn't going to out the new board members, but since they've gone and done this then they're not simply people who performed bad due diligence when joining the board - they're people who are also part of the problem.
MICHAEL A. CARPENTER
Mr. Carpenter has served as Chairman of the Board and CEO of Southgate Holdings since June 2006. Previously, he served as Chairman of the Board and CEO of Citigroup Alternative Investments from September 2002 to June 2006 and as a member of the Citigroup Business Heads and Management Committees. From 1998 to 2002, Mr. Carpenter was Chairman of the Board and CEO of Citigroup’s Global Corporate & Investment Bank with responsibility for Salomon Smith Barney.
CHRISTOPHER H. SHAYS
Mr. Shays served as a Congressman in the U.S. House of Representatives representing the 4th District of Connecticut from August 1987 to January 2009.
Great - former Citigroup executive and a politician - that looks like a great bunch to have added to this Board.
Wednesday, July 15, 2009
MGIC Investment Corp makes their poison pill more protective for management
This board has some chutzpah. After watching the stock fall from the mid $60s down to $3, you'd think they'd be embarrased or something. But no - instead they protected their own underperforming positions by making their poison pill more protective.
My favorite part of this was their attempt to explain this as a tax strategy. I can only believe that they feel the investing public is easily duped.
in case you're interested in seeing their spin on this.
So who's on this board?
James A. Abbott
Director of MGIC since 1989, has been Chairman and a principal of American Security Mortgage Corp., a mortgage banking firm, since June 1999. He served as President and Chief Executive Officer of First Union Mortgage Corporation, a mortgage banking company, from January 1980 to December 1994.
Karl E. Case
Director of MGIC since 1991, is the Katharine Coman and A. Barton Hepburn Professor of Economics at Wellesley College where he has taught since 1976.
Dr. Case has been Visiting Scholar at the Federal Reserve Bank of Boston since 1985. He is also a director of Century Bancorp, Inc.
(I dont know what's scarier - this guy is teaching economics or that he's doing stuff with the Fed in Boston)
Curt S. Culver
Director of MGIC since 1999, has been Chairman of the Board of MGIC since January 2005 and its Chief Executive Officer since January 2000. He served as MGIC’s President from January 1999 to January 2006. Mr. Culver has been Chief Executive Officer of Mortgage Guaranty Insurance Corporation since January 1999, President of MGIC since May 1996, and held senior executive positions with Mortgage Guaranty Insurance Corporation for more than five years before then. He is also a director of Wisconsin Electric Power Company and Wisconsin Energy Corporation.
(Wisconsin Energy is WEC)
David S. Engelman
Director of MGIC since 1993, has been a private investor for more than five years. He was President and Chief Executive Officer, on an interim basis, of Fleetwood Enterprises, Inc., a manufacturer of recreational vehicles and manufactured housing, from February to August 2002. He is also a director of Fleetwood Enterprises, Inc. and Fieldstone Investment Corporation.
(Fleetwood is a penny stock listen on the pink sheets)
Thomas M. Hagerty
Director of MGIC since 2001, has been a managing director with Thomas H. Lee Partners, L.P. and its predecessor Thomas H. Lee Company, a private investment firm (“THL”), since 1992 and has been with the firm since 1988. Mr. Hagerty previously was in the Mergers and Acquisitions Department of Morgan Stanley & Co. Incorporated. He is also a director of Fidelity National Financial, Inc. and Fidelity National Information Services, Inc. In an attempt to preserve the value of an investment in Conseco, Inc. by an affiliate of THL, Mr. Hagerty served as the interim chief financial officer of Conseco from July 2000 until April 2001. In December 2002, Conseco filed a petition under the federal bankruptcy code.
(What more do you need to know - "Hi everybody - I've got bankruptcy in my rear view mirror!" Do you think he'd mention that if he didn't have to?)
Kenneth M. Jastrow
Director of MGIC since 1994, has been Chairman and Chief Executive Officer of Temple-Inland Inc., a holding company with interests in paper, forest products, financial services and real estate, since January 2000. He served as President and Chief Operating Officer of Temple-Inland from 1998 to 2000 and held senior executive positions with that company and its subsidiaries for more than five years before then. He is also a director of Temple-Inland and KB Home.
(Also on boards of Forestar Group FOR and Guaranty Financial Group GFG. Interesting that the bio doesnt mention that - almost makes me want to take a good look at them)
Daniel P. Kearney
Director of MGIC since 1999, is a business consultant and private investor. Mr. Kearney served as Executive Vice President and Chief Investment Officer of Aetna, Inc., a provider of health and retirement benefit plans and financial services, from 1991 to 1998. He was President and Chief Executive Officer of the Resolution Trust Corporation Oversight Board from 1990 to 1991, a principal of Aldrich, Eastman & Waltch, Inc., a pension fund advisor, from 1988 to 1989, and a managing director at Salomon Brothers Inc, an investment banking firm, from 1977 to 1988. He is also a director of Fiserv, Inc. and MBIA, Inc.
Michael E. Lehman
Director of MGIC since 2001, has been Executive Vice President and Chief Financial Officer of Sun Microsystems, Inc., a provider of computer systems and professional support services, since February 2006. From July 2000 to September 2002, when he retired from full-time employment, he was Executive Vice President of Sun Microsystems, he was its Chief Financial Officer from February 1994 to July 2002, and held senior executive positions with Sun Microsystems for more than five years before then.
(Sun has not been a big winner over his time here but give Sun's board credit for auctioning themselves off well to Oracle)
William A. McIntosh
Director of MGIC since 1996, was an executive committee member and a managing director at Salomon Brothers Inc., an investment banking firm, when he retired in 1995 after 35 years of service. He is also a director of Northwestern Mutual Series Fund Inc.
Leslie M. Muma
Director of MGIC since 1995, is retired and was Chief Executive Officer of Fiserv, Inc., a financial industry automation products and services firm from 1999 until December 2005. Before serving as Fiserv’s Chief Executive Officer, he was its President for many years.
Donald T. Nicolaisen
Director of MGIC since 2006, was the Chief Accountant of the United States Securities and Exchange Commission from September 2003 to November 2005, when he retired from full-time employment. Prior to joining the SEC, he was a Senior Partner at PricewaterhouseCoopers LLP, an accounting firm that he joined in 1967. He is also a director of Verizon Communications Inc., Morgan Stanley and Zurich Financial Services Group.
(With the SEC the last few years, huh?)
Let's see, FIServ, MBIA, and Morgan Stanley are the most notable relationships
My favorite part of this was their attempt to explain this as a tax strategy. I can only believe that they feel the investing public is easily duped.
in case you're interested in seeing their spin on this.
So who's on this board?
James A. Abbott
Director of MGIC since 1989, has been Chairman and a principal of American Security Mortgage Corp., a mortgage banking firm, since June 1999. He served as President and Chief Executive Officer of First Union Mortgage Corporation, a mortgage banking company, from January 1980 to December 1994.
Karl E. Case
Director of MGIC since 1991, is the Katharine Coman and A. Barton Hepburn Professor of Economics at Wellesley College where he has taught since 1976.
Dr. Case has been Visiting Scholar at the Federal Reserve Bank of Boston since 1985. He is also a director of Century Bancorp, Inc.
(I dont know what's scarier - this guy is teaching economics or that he's doing stuff with the Fed in Boston)
Curt S. Culver
Director of MGIC since 1999, has been Chairman of the Board of MGIC since January 2005 and its Chief Executive Officer since January 2000. He served as MGIC’s President from January 1999 to January 2006. Mr. Culver has been Chief Executive Officer of Mortgage Guaranty Insurance Corporation since January 1999, President of MGIC since May 1996, and held senior executive positions with Mortgage Guaranty Insurance Corporation for more than five years before then. He is also a director of Wisconsin Electric Power Company and Wisconsin Energy Corporation.
(Wisconsin Energy is WEC)
David S. Engelman
Director of MGIC since 1993, has been a private investor for more than five years. He was President and Chief Executive Officer, on an interim basis, of Fleetwood Enterprises, Inc., a manufacturer of recreational vehicles and manufactured housing, from February to August 2002. He is also a director of Fleetwood Enterprises, Inc. and Fieldstone Investment Corporation.
(Fleetwood is a penny stock listen on the pink sheets)
Thomas M. Hagerty
Director of MGIC since 2001, has been a managing director with Thomas H. Lee Partners, L.P. and its predecessor Thomas H. Lee Company, a private investment firm (“THL”), since 1992 and has been with the firm since 1988. Mr. Hagerty previously was in the Mergers and Acquisitions Department of Morgan Stanley & Co. Incorporated. He is also a director of Fidelity National Financial, Inc. and Fidelity National Information Services, Inc. In an attempt to preserve the value of an investment in Conseco, Inc. by an affiliate of THL, Mr. Hagerty served as the interim chief financial officer of Conseco from July 2000 until April 2001. In December 2002, Conseco filed a petition under the federal bankruptcy code.
(What more do you need to know - "Hi everybody - I've got bankruptcy in my rear view mirror!" Do you think he'd mention that if he didn't have to?)
Kenneth M. Jastrow
Director of MGIC since 1994, has been Chairman and Chief Executive Officer of Temple-Inland Inc., a holding company with interests in paper, forest products, financial services and real estate, since January 2000. He served as President and Chief Operating Officer of Temple-Inland from 1998 to 2000 and held senior executive positions with that company and its subsidiaries for more than five years before then. He is also a director of Temple-Inland and KB Home.
(Also on boards of Forestar Group FOR and Guaranty Financial Group GFG. Interesting that the bio doesnt mention that - almost makes me want to take a good look at them)
Daniel P. Kearney
Director of MGIC since 1999, is a business consultant and private investor. Mr. Kearney served as Executive Vice President and Chief Investment Officer of Aetna, Inc., a provider of health and retirement benefit plans and financial services, from 1991 to 1998. He was President and Chief Executive Officer of the Resolution Trust Corporation Oversight Board from 1990 to 1991, a principal of Aldrich, Eastman & Waltch, Inc., a pension fund advisor, from 1988 to 1989, and a managing director at Salomon Brothers Inc, an investment banking firm, from 1977 to 1988. He is also a director of Fiserv, Inc. and MBIA, Inc.
Michael E. Lehman
Director of MGIC since 2001, has been Executive Vice President and Chief Financial Officer of Sun Microsystems, Inc., a provider of computer systems and professional support services, since February 2006. From July 2000 to September 2002, when he retired from full-time employment, he was Executive Vice President of Sun Microsystems, he was its Chief Financial Officer from February 1994 to July 2002, and held senior executive positions with Sun Microsystems for more than five years before then.
(Sun has not been a big winner over his time here but give Sun's board credit for auctioning themselves off well to Oracle)
William A. McIntosh
Director of MGIC since 1996, was an executive committee member and a managing director at Salomon Brothers Inc., an investment banking firm, when he retired in 1995 after 35 years of service. He is also a director of Northwestern Mutual Series Fund Inc.
Leslie M. Muma
Director of MGIC since 1995, is retired and was Chief Executive Officer of Fiserv, Inc., a financial industry automation products and services firm from 1999 until December 2005. Before serving as Fiserv’s Chief Executive Officer, he was its President for many years.
Donald T. Nicolaisen
Director of MGIC since 2006, was the Chief Accountant of the United States Securities and Exchange Commission from September 2003 to November 2005, when he retired from full-time employment. Prior to joining the SEC, he was a Senior Partner at PricewaterhouseCoopers LLP, an accounting firm that he joined in 1967. He is also a director of Verizon Communications Inc., Morgan Stanley and Zurich Financial Services Group.
(With the SEC the last few years, huh?)
Let's see, FIServ, MBIA, and Morgan Stanley are the most notable relationships
Tuesday, July 14, 2009
CIT Group - close to bankruptcy
This one is interesting - the ratings firms got this one right (for a change), and three board members just resigned and were replaced by two new board members. I'm sure the retiring board members are hoping that they got out before the news hit, but fortunately I do a little more research than just look at the corporate web site.
The newly retired board members are:
Gary Butler
( as per Forbes - Mr. Butler became president and chief executive officer of Automatic Data Processing on August 31, 2006. He was president and chief operating officer of Automatic Data Processing from April 1998 to August 31, 2006 )
Jim McDonald
Mr. McDonald, age 56, has served as a director of NYSE Euronext and its predecessors since November 2003 and continues to serve on the NYSE Group board. Since 2001, Mr. McDonald has been the president and chief executive officer of Rockefeller & Co., a United States firm that provides investment management, financial counseling and other services.
Tim Ring
Timothy M. Ring Chairman and Chief Executive Officer of C. R. Bard since August 2003, having been Group President from April 1997 to August 2003, Group Vice President from December 1993 to April 1997 and Corporate Vice President-Human Resources from June 1992 to December 1993; age 51. Mr. Ring has been a director of C. R. Bard since August 2003 and is a member of the Executive Committee.
The rest of the board, excluding the new members (who can't be held responsible for this mess)
JEFFREY M.PEEK
Jeffrey M. Peek is Chief Executive Officer and Chairman of the Board of Directors of CIT Group Inc. In 2003, Mr. Peek joined CIT as President and Chief Operating Officer. Previously, Mr. Peek was Vice Chairman of Credit Suisse First Boston LLC (“CSFB”) and was responsible for the firm's Financial Services Division, including Credit Suisse Asset Management, Pershing and Private Client Services.
(added from Forbes web site - Prior to joining CSFB in 2002, Mr. Peek was with Merrill Lynch since 1983, where he rose to the level of Executive Vice President of Merrill Lynch & Co., Inc. and was President of Merrill Lynch Investment Managers. He also served on the Executive Management Committee of Merrill Lynch & Co.)
WILLIAM M. FREEMAN
Mr. Freeman has served as Chairman of the Board of Arbinet-thexchange, Inc. since June 2008. He also served as President, Chief Executive Officer and a member of the Board of Directors of Arbinet from November 2007 until September 2008 at which time the offices of Chairman and President/Chief Executive Officer were separated.
(added from the Forbes web site - Mr. Freeman has served as Chairman of the Board of TerreStar Corporation since March 2007 and has served on the Board of Directors since February 2007. From May 2004 to February 2005, Mr. Freeman was the Chief Executive Officer of Leap Wireless International, Inc. From January 1994 to January 2004, Mr. Freeman was a senior executive, most recently President'Public Communications Group, at Verizon.)
SUSAN LYNE
Ms. Lyne has served as Chief Executive Officer of Gilt Group Inc. since September 2008. Previously, Ms. Lyne was President and Chief Executive Officer of Martha Stewart Living Omnimedia, Inc. from November 2004 until July 2008.
( http://www.forbes.com/2008/09/15/lyne-gilt-stewart-face-markets-cx_ls_0915autofacescan02.html
Note the wonderful performance as CEO of Martha Stewart )
MARIANNE MILLER PARRS
Ms. Parrs retired at the end of 2007 from International Paper Company where she had served as Executive Vice President and Chief Financial Officer since November 2005 and as interim Chief Financial Officer since May 2005.
( Also a director of the Stanley Works since 2008)
VICE ADMIRAL JOHN RYAN
Mr. Ryan has served as President and Chief Executive Officer of the Center for Creative Leadership since May 2007. He is the former Commander of the Fleet Air Mediterranean and Commander of the Patrol Wings for the U.S. Pacific Fleet.
SEYMOUR STERNBERG
Mr. Sternberg has served as Chairman of the Board of New York Life Insurance Company since April 1, 1997. He joined New York Life in 1989 as Senior Vice President and held positions of increasing responsibility, including Executive Vice President, Vice Chairman, President, Chief Operating Officer and Chief Executive Officer.
( also on the board of Express Scripts)
PETER J. TOBIN
Mr. Tobin served as special assistant to the President of St. John's University from September 2003 until his retirement on May 31, 2005.
(
also on the board of Alliance Bernstein and AXA Financial
Supported President Bush in his elections in 2000 and 2004, and John McCain in 2008. That's not going to help with President Obama. )
LOIS M. VAN DEUSEN
Ms. Van Deusen is the Managing Member and 100% owner of LVD Consulting, LLC, formed in 2008. She is also Of Counsel and a former Managing Partner of McCarter & English, LLP, a regional law firm based in Newark, New Jersey. Ms. Van Deusen joined McCarter & English in 1977, was named partner in 1986, and retired from the partnership in 2007.
The newly retired board members are:
Gary Butler
( as per Forbes - Mr. Butler became president and chief executive officer of Automatic Data Processing on August 31, 2006. He was president and chief operating officer of Automatic Data Processing from April 1998 to August 31, 2006 )
Jim McDonald
Mr. McDonald, age 56, has served as a director of NYSE Euronext and its predecessors since November 2003 and continues to serve on the NYSE Group board. Since 2001, Mr. McDonald has been the president and chief executive officer of Rockefeller & Co., a United States firm that provides investment management, financial counseling and other services.
Tim Ring
Timothy M. Ring Chairman and Chief Executive Officer of C. R. Bard since August 2003, having been Group President from April 1997 to August 2003, Group Vice President from December 1993 to April 1997 and Corporate Vice President-Human Resources from June 1992 to December 1993; age 51. Mr. Ring has been a director of C. R. Bard since August 2003 and is a member of the Executive Committee.
The rest of the board, excluding the new members (who can't be held responsible for this mess)
JEFFREY M.PEEK
Jeffrey M. Peek is Chief Executive Officer and Chairman of the Board of Directors of CIT Group Inc. In 2003, Mr. Peek joined CIT as President and Chief Operating Officer. Previously, Mr. Peek was Vice Chairman of Credit Suisse First Boston LLC (“CSFB”) and was responsible for the firm's Financial Services Division, including Credit Suisse Asset Management, Pershing and Private Client Services.
(added from Forbes web site - Prior to joining CSFB in 2002, Mr. Peek was with Merrill Lynch since 1983, where he rose to the level of Executive Vice President of Merrill Lynch & Co., Inc. and was President of Merrill Lynch Investment Managers. He also served on the Executive Management Committee of Merrill Lynch & Co.)
WILLIAM M. FREEMAN
Mr. Freeman has served as Chairman of the Board of Arbinet-thexchange, Inc. since June 2008. He also served as President, Chief Executive Officer and a member of the Board of Directors of Arbinet from November 2007 until September 2008 at which time the offices of Chairman and President/Chief Executive Officer were separated.
(added from the Forbes web site - Mr. Freeman has served as Chairman of the Board of TerreStar Corporation since March 2007 and has served on the Board of Directors since February 2007. From May 2004 to February 2005, Mr. Freeman was the Chief Executive Officer of Leap Wireless International, Inc. From January 1994 to January 2004, Mr. Freeman was a senior executive, most recently President'Public Communications Group, at Verizon.)
SUSAN LYNE
Ms. Lyne has served as Chief Executive Officer of Gilt Group Inc. since September 2008. Previously, Ms. Lyne was President and Chief Executive Officer of Martha Stewart Living Omnimedia, Inc. from November 2004 until July 2008.
( http://www.forbes.com/2008/09/15/lyne-gilt-stewart-face-markets-cx_ls_0915autofacescan02.html
Note the wonderful performance as CEO of Martha Stewart )
MARIANNE MILLER PARRS
Ms. Parrs retired at the end of 2007 from International Paper Company where she had served as Executive Vice President and Chief Financial Officer since November 2005 and as interim Chief Financial Officer since May 2005.
( Also a director of the Stanley Works since 2008)
VICE ADMIRAL JOHN RYAN
Mr. Ryan has served as President and Chief Executive Officer of the Center for Creative Leadership since May 2007. He is the former Commander of the Fleet Air Mediterranean and Commander of the Patrol Wings for the U.S. Pacific Fleet.
SEYMOUR STERNBERG
Mr. Sternberg has served as Chairman of the Board of New York Life Insurance Company since April 1, 1997. He joined New York Life in 1989 as Senior Vice President and held positions of increasing responsibility, including Executive Vice President, Vice Chairman, President, Chief Operating Officer and Chief Executive Officer.
( also on the board of Express Scripts)
PETER J. TOBIN
Mr. Tobin served as special assistant to the President of St. John's University from September 2003 until his retirement on May 31, 2005.
(
also on the board of Alliance Bernstein and AXA Financial
Supported President Bush in his elections in 2000 and 2004, and John McCain in 2008. That's not going to help with President Obama. )
LOIS M. VAN DEUSEN
Ms. Van Deusen is the Managing Member and 100% owner of LVD Consulting, LLC, formed in 2008. She is also Of Counsel and a former Managing Partner of McCarter & English, LLP, a regional law firm based in Newark, New Jersey. Ms. Van Deusen joined McCarter & English in 1977, was named partner in 1986, and retired from the partnership in 2007.
Friday, June 26, 2009
Nortel Liquidates - Somebody did worse than Alcatel Lucent
I dont want to pass up this information before the web site goes down.
They have (had) extensive bios that I copied but first I summarize them
Nortel board of directors:
Harry Pearce - Chairman
Also on board of Marriott
Was on board of DirectTV and General Motors (Former GM Director? Now *that's* a resume!)
Jalynn Bennett
Also on board of Canadian Imperial Bank of Commerce
Also was a past Commissioner of the Ontario Securities Commission and was a member of the Toronto Stock Exchange, Canadian Stock Exchange and the Canadian Institute of Chartered Accountants' Joint Committee on Corporate Governance (The Saucier Committee). (So she'll really appreciate that I'm doing this blog)
James Hunt
former Governor of North Carolina
Kristina Johnson
Dean of the Pratt School of Engineering at Duke University
On board of directors of Mineral Technologies Inc., Boston Scientific Corporation, AES Corporation
John Alan MacNaughton
Former President and Chief Executive Officer of the Canada Pension Plan Investment Board.
Former President of Nesbitt Burns Inc., the investment banking arm of Bank of Montreal
Chairman of Canadian Trading and Quotation System Inc.
He is a Governor of CCAF-FCVI Inc., a research and education foundation focused on governance, accountability, management and audit in the public sector. (Two good corporate governance types on a firm that is liquidating. Ummmmmmm)
John Manley
Director of Canadian Imperial Bank of Commerce. (somebody else here also had that..... warning!)
Former member of Parliament for Ottawa South
Former Deputy Prime Minister of Canada
Former Minister of Finance
Former Chair of the Cabinet Committee on Public Security and Anti-Terrorism
Former Minister of Foreign Affairs
Former Minister of Industry
Richard McCormick
Director Wells Fargo (Double check Wells Fargo - this is a bad sign for them)
Director United Technologies Corporation (didnt i see that company not too long ago for this blog?)
Former CEO & Chairman of US WEST
Former director of UAL Corporation, the parent holding company and sole shareholder of United Air Lines, Inc. On December 9, 2002, UAL Corporation, United Air Lines, Inc. and 26 direct and indirect wholly owned subsidiaries of UAL Corporation filed voluntary petitions to reorganize their businesses under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division. (***WARNING - TWO BANKRUPTCIES ON THIS GUYS WATCH!!!!!*** - this guy clearly merits close close close examination!)
Claude Mongeau
Executive Vice-President and Chief Financial Officer of CN since October 2000. He leads CN's strategic planning process and he is responsible for the overall financial management of CN. (A good start to a resume where bankruptcy is involved!)
David Richardson
Chairman of the Board of Air Canada
Director ACE Aviation Holdings Inc
Former Executive Partner of Ernst & Young LLP
Former member of the Management and Executive Committees of Ernst & Young LLP
(shouldnt this guy know how to read accounting books?)
Mike Zafirovski
President & CEO Nortel
Former President & COO Motorola
Director at Boeing (How's that Dreamliner coming there coach?)
Now, the full monty:
Harry Pearce - Chairman
Harry Jonathan Pearce was Chairman of the Board of Hughes Electronics Corporation (now The DIRECTV Group, Inc.), a company engaged in digital television entertainment, broadband satellite and network services as well as global video and data broadcasting, from June 2001 to January 2004. He was a director and Vice Chairman of General Motors Corporation from January 1996 to June 2001. Mr. Pearce is also a director of Marriott International, Inc. and the lead director of MDU Resources Group, Inc.
Jalynn Bennett
Jalynn H. Bennett is President of Jalynn H. Bennett and Associates Ltd., a consulting firm in strategic planning and organizational development in both the public and private sectors. Prior to establishing that firm, Mrs. Bennett was associated for nearly 25 years with The Manufacturers Life Insurance Company. Mrs. Bennett is currently a director of the Canadian Imperial Bank of Commerce, Cadillac Fairview Corporation Limited and Teck Cominco Ltd. She is also a director of The Hospital for Sick Children Foundation. She is a member of the Lawrence National Centre for Policy and Management Advisory Council, Richard Ivey School of Business; the Canada Millennium Scholarship Foundation; the Schulich School of Business and International Advisory Board, York University; the Toronto Society of Financial Analysts; the Toronto Association of Business Economists; the Governance Leadership Council of the Ontario Hospital Association; the National Advisory Board, Canada's Outstanding CEO of the Year and a Member of the Trinity College Endowment Campaign Cabinet. She is a fellow of the Institute of Corporate Directors in Canada, a past Commissioner of the Ontario Securities Commission and was a member of the Toronto Stock Exchange, Canadian Stock Exchange and the Canadian Institute of Chartered Accountants' Joint Committee on Corporate Governance (The Saucier Committee).
James Hunt
The Hon. James B. Hunt, Jr. has been a member of the law firm of Womble Carlyle Sandridge & Rice, PLLC, since 2001. Prior to that, he was Governor of North Carolina for four terms, 1977 to 1985 and 1993 to 2001, where he established the Microelectronics Center of North Carolina, the N.C. Biotechnology Center and the N.C. School of Science and Mathematics. He founded and chaired the National Board for Professional Teaching Standards and currently chairs the National Center for Public Policy and Higher Education, the Hunt Institute for Educational Leadership and Policy, and the Institute for Emerging Issues. Mr. Hunt is a trustee of the Carnegie Corporation of New York and is a director of BioSignia, Inc
Kristina Johnson
Dr. Kristina M. Johnson is the Dean of the Pratt School of Engineering at Duke University. She received her B.S., M.S. (with distinction) and Ph.D. in electrical engineering from Stanford University. After a NATO post-doctoral fellowship at Trinity College, Dublin, Ireland, she joined the University of Colorado-Boulder's faculty in 1985 as an Assistant Professor, promoted to full Professor in 1994. From 1994 until 1999 Johnson directed the NSF/ERC for Optoelectronics Computing Systems Center at University of Colorado and Colorado State University. She has published over 140 refereed papers and proceedings, and holds forty-three patents. Dr. Johnson received the NSF Presidential Young Investigator Award (1985), the IBM Faculty Award, and the Dennis Gabor Prize, for "creativity and innovation in modern optics" (1993), and the Photonics Spectra Circle of Excellence Award for her design of the 128 x 128 liquid-crystal-on-silicon spatial light modulator (1994). Dr. Johnson is a recipient of the Colorado Technology Transfer Award by the Colorado Advanced Technology Institute (1997), the Council for Entrepreneurial Development Infrastructure Award in North Carolina (2001), was inducted into the Women In Technology International (WITI) Hall of Fame (2003) and received the Achievement Award, the highest honor from the Society of Women Engineers in 2004. A fellow of the Optical Society of America, IEEE and a Fulbright Scholar, Dr. Johnson is a director of SPIE, the International Society for Optical Engineering. She has helped start several companies including founder of ColorLink, Inc. and sits on the Board of Directors of several publicly traded companies including Mineral Technologies Inc., Boston Scientific Corporation, AES Corporation and Nortel (and is a former director of Guidant Corporation and Dycom Industries). Dr. Johnson currently serves on the advisory boards of the Colorado School of Mines, the Georgia Institute of Technology School of Engineering, the Duke Childrens' Classic, and the North Carolina Institute for Emerging Issues. She has previously served on the advisory committee to the NSF Engineering Directorate (Chair, 2003-04), Science Foundation Ireland, Smith College Pickering School, and Carnegie Mellon University.
John Alan MacNaughton
John Alan MacNaughton, C.M., served as the founding President and Chief Executive Officer of the Canada Pension Plan Investment Board, a Crown Corporation created by an Act of Parliament to invest the assets of the Canada Pension Plan, from 1999 until his retirement in 2005. He was President of Nesbitt Burns Inc., the investment banking arm of Bank of Montreal, from 1994 to 1999. Mr. MacNaughton is Chairman of Canadian Trading and Quotation System Inc. He is a Trustee of the University Health Network, an academic health science centre. He is a Governor of CCAF-FCVI Inc., a research and education foundation focused on governance, accountability, management and audit in the public sector. Mr. MacNaughton is Chairman of the Canadian Institute of International Affairs.
John Manley
The Hon. John P. Manley has been a senior counsel at the law firm of McCarthy Ttrault LLP since May 2004. Mr. Manley was previously the Member of Parliament for Ottawa South from November 1988 to June 2004 and Chairman of the Ontario Power Generation Review Committee, which was responsible for reviewing the state of the energy system of Ontario, from December 2003 to March 2004. As a Member of Parliament, Mr. Manley also held various positions in the Canadian federal government, including Deputy Prime Minister of Canada from January 2002 to December 2003, Minister of Finance from June 2002 to December 2003, Chair of the Cabinet Committee on Public Security and Anti-Terrorism from October 2001 to December 2003, Minister of Foreign Affairs from October 2000 to January 2002 and Minister of Industry prior thereto. Mr. Manley is also a director of Canadian Imperial Bank of Commerce. He was granted the designation C. Dir. (Chartered Director) by McMaster University in February 2006.
Richard McCormick
Richard David McCormick served as Chairman of US WEST, Inc., a telecommunications company, from June 1998 until his retirement in May 1999. He was chairman, president and chief executive officer of US WEST, Inc. from 1992 until 1998. He is also a director of HealthTrio Inc., United Technologies Corporation and Wells Fargo and Company. Mr. McCormick is also the Honorary Chairman (Past Chairman) of the International Chamber of Commerce, Vice Chairman (Past Chairman) of the United States Council for International Business. He is a Trustee of the Denver Art Museum, Vice President of the Denver Art Museum Foundation and Director Emeritus of Creighton University. From 1994 to 2003, Mr. McCormick was also a director of UAL Corporation, the parent holding company and sole shareholder of United Air Lines, Inc. On December 9, 2002, UAL Corporation, United Air Lines, Inc. and 26 direct and indirect wholly owned subsidiaries of UAL Corporation filed voluntary petitions to reorganize their businesses under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division.
Claude Mongeau
Claude Mongeau has been Executive Vice-President and Chief Financial Officer of CN since October 2000. He leads CN's strategic planning process and he is responsible for the overall financial management of CN.
He joined CN in May 1994 and has held the positions of vice-president, Strategic and Financial Planning, and assistant vice-president Corporate Development. He was appointed Senior Vice-President and Chief Financial Officer in October 1999.
Prior to joining CN, Mr. Mongeau was a partner with Groupe Secor, a Montreal-based management consulting firm providing strategic advice to large Canadian corporations such as Bombardier and Bell Canada. He also worked in the business development unit of Imasco Inc., a diversified holding company with subsidiaries operating in the manufacturing retail and financial services sectors. His career started in Europe with Bain & Company, a leading American consulting firm.
In 1997, Claude Mongeau was named one of Canada's top 40 executives under 40 years of age by the Financial Post Magazine. In 2005, he was selected Canada's CFO of the Year by an independent committee of prominent Canadian business leaders.
Directorships
* Nortel Networks
* SNC-Lavalin
* Muse Pointe--Callire
* Forces Avenir
Education
* McGill University
* Institut Suprieur des affaires (France)
* University of Quebec in Montreal
Professional Experience
* Canadian National Railway Company
* Imasco Ltd.
* Groupe Secor Inc.
* Bain & Company (Paris)
Awards
* Canada'a CFO of the Year for 2005
* Canada's Top 40 under 40
David Richardson
David I. Richardson is a corporate director. He is Chairman of the Board of Air Canada and a Director and Chair of the Audit Committee of ACE Aviation Holdings Inc. Mr. Richardson is the former Chairman of Ernst & Young Inc. (Canada) and a former Executive Partner of Ernst & Young LLP. Mr. Richardson was also a member of the Management and Executive Committees of Ernst & Young LLP, national managing partner of the firm's Corporate Finance practice and the senior partner in the corporate recovery and restructuring practice until his retirement from the partnership in 2002.
Mike Zafirovski
Mike Zafirovski is president and chief executive officer of Nortel, a global leader in innovative communications and services that are enabling the transformation of businesses around the world.
Since joining Nortel in November, 2005, Zafirovski has drawn on his depth of global business expertise to drive sustainable business improvements that build on the company's innovative strength in new technologies that are bringing unprecedented levels of personalization, security and mobility to communications.
Zafirovski is a 30-year business veteran with impressive global experience at two of the world's highest profile corporate innovators - General Electric and Motorola.
Prior to his current role at Nortel, he was president and chief operating officer of Motorola, Inc. from July 2002 to February 2005 where he was a key player leading the company's re-emergence in innovation, market share gains and significant profitability improvements by all six businesses. Zafirovski joined Motorola in June 2000 to lead its mobile devices business, which during his tenure returned to profitability and increased market share through the introduction of exciting new products and the Moto branding campaign.
Before his leadership positions at Motorola, Zafirovski spent 25 years at General Electric (GE), including 13 years as president and chief executive officer of five businesses in the industrial, financial services and insurance businesses. Prior to that, he held a number of increasingly senior positions in finance, auditing, marketing and strategy/business development at various GE businesses.
In 2007, President George W. Bush appointed Zafirovski to the National Security Telecommunications Advisory Committee (NSTAC). In its advisory role to the president, the NSTAC provides industry-based analysis and recommendations on a wide range of policy and technical issues related to telecommunications, information systems, information assurance, infrastructure protection, and other national security and emergency preparedness concerns.
As a presidential appointee to NSTAC, Zafirovski serves as a resource for the President and his national security team in efforts to safeguard critical U.S. infrastructure and telecommunications networks. In this capacity, Zafirovski participates in discussions on a broad range of policy and technical issues related to telecommunications, critical infrastructure protection, homeland security, and other security concerns.
Zafirovski holds a B.A. in mathematics from Edinboro University in Pennsylvania where he also captained the intercollegiate soccer and swimming teams. In 2002, Edinboro University awarded Zafirovski with an honorary doctorate degree. A native of Macedonia, he received the Ellis Island Medal of Honor in 2004.
Zafirovski serves on the board of directors of Boeing. An active member of civic and business communities, Zafirovski serves on several professional, educational and non-profit business organizations, including The Canadian Council of Chief Executives, The Economic Club of Chicago and the Macedonian Arts Council. He and his wife Robin are the national chairs for Duke University's Parents' Committee. They have three sons.
They have (had) extensive bios that I copied but first I summarize them
Nortel board of directors:
Harry Pearce - Chairman
Also on board of Marriott
Was on board of DirectTV and General Motors (Former GM Director? Now *that's* a resume!)
Jalynn Bennett
Also on board of Canadian Imperial Bank of Commerce
Also was a past Commissioner of the Ontario Securities Commission and was a member of the Toronto Stock Exchange, Canadian Stock Exchange and the Canadian Institute of Chartered Accountants' Joint Committee on Corporate Governance (The Saucier Committee). (So she'll really appreciate that I'm doing this blog)
James Hunt
former Governor of North Carolina
Kristina Johnson
Dean of the Pratt School of Engineering at Duke University
On board of directors of Mineral Technologies Inc., Boston Scientific Corporation, AES Corporation
John Alan MacNaughton
Former President and Chief Executive Officer of the Canada Pension Plan Investment Board.
Former President of Nesbitt Burns Inc., the investment banking arm of Bank of Montreal
Chairman of Canadian Trading and Quotation System Inc.
He is a Governor of CCAF-FCVI Inc., a research and education foundation focused on governance, accountability, management and audit in the public sector. (Two good corporate governance types on a firm that is liquidating. Ummmmmmm)
John Manley
Director of Canadian Imperial Bank of Commerce. (somebody else here also had that..... warning!)
Former member of Parliament for Ottawa South
Former Deputy Prime Minister of Canada
Former Minister of Finance
Former Chair of the Cabinet Committee on Public Security and Anti-Terrorism
Former Minister of Foreign Affairs
Former Minister of Industry
Richard McCormick
Director Wells Fargo (Double check Wells Fargo - this is a bad sign for them)
Director United Technologies Corporation (didnt i see that company not too long ago for this blog?)
Former CEO & Chairman of US WEST
Former director of UAL Corporation, the parent holding company and sole shareholder of United Air Lines, Inc. On December 9, 2002, UAL Corporation, United Air Lines, Inc. and 26 direct and indirect wholly owned subsidiaries of UAL Corporation filed voluntary petitions to reorganize their businesses under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division. (***WARNING - TWO BANKRUPTCIES ON THIS GUYS WATCH!!!!!*** - this guy clearly merits close close close examination!)
Claude Mongeau
Executive Vice-President and Chief Financial Officer of CN since October 2000. He leads CN's strategic planning process and he is responsible for the overall financial management of CN. (A good start to a resume where bankruptcy is involved!)
David Richardson
Chairman of the Board of Air Canada
Director ACE Aviation Holdings Inc
Former Executive Partner of Ernst & Young LLP
Former member of the Management and Executive Committees of Ernst & Young LLP
(shouldnt this guy know how to read accounting books?)
Mike Zafirovski
President & CEO Nortel
Former President & COO Motorola
Director at Boeing (How's that Dreamliner coming there coach?)
Now, the full monty:
Harry Pearce - Chairman
Harry Jonathan Pearce was Chairman of the Board of Hughes Electronics Corporation (now The DIRECTV Group, Inc.), a company engaged in digital television entertainment, broadband satellite and network services as well as global video and data broadcasting, from June 2001 to January 2004. He was a director and Vice Chairman of General Motors Corporation from January 1996 to June 2001. Mr. Pearce is also a director of Marriott International, Inc. and the lead director of MDU Resources Group, Inc.
Jalynn Bennett
Jalynn H. Bennett is President of Jalynn H. Bennett and Associates Ltd., a consulting firm in strategic planning and organizational development in both the public and private sectors. Prior to establishing that firm, Mrs. Bennett was associated for nearly 25 years with The Manufacturers Life Insurance Company. Mrs. Bennett is currently a director of the Canadian Imperial Bank of Commerce, Cadillac Fairview Corporation Limited and Teck Cominco Ltd. She is also a director of The Hospital for Sick Children Foundation. She is a member of the Lawrence National Centre for Policy and Management Advisory Council, Richard Ivey School of Business; the Canada Millennium Scholarship Foundation; the Schulich School of Business and International Advisory Board, York University; the Toronto Society of Financial Analysts; the Toronto Association of Business Economists; the Governance Leadership Council of the Ontario Hospital Association; the National Advisory Board, Canada's Outstanding CEO of the Year and a Member of the Trinity College Endowment Campaign Cabinet. She is a fellow of the Institute of Corporate Directors in Canada, a past Commissioner of the Ontario Securities Commission and was a member of the Toronto Stock Exchange, Canadian Stock Exchange and the Canadian Institute of Chartered Accountants' Joint Committee on Corporate Governance (The Saucier Committee).
James Hunt
The Hon. James B. Hunt, Jr. has been a member of the law firm of Womble Carlyle Sandridge & Rice, PLLC, since 2001. Prior to that, he was Governor of North Carolina for four terms, 1977 to 1985 and 1993 to 2001, where he established the Microelectronics Center of North Carolina, the N.C. Biotechnology Center and the N.C. School of Science and Mathematics. He founded and chaired the National Board for Professional Teaching Standards and currently chairs the National Center for Public Policy and Higher Education, the Hunt Institute for Educational Leadership and Policy, and the Institute for Emerging Issues. Mr. Hunt is a trustee of the Carnegie Corporation of New York and is a director of BioSignia, Inc
Kristina Johnson
Dr. Kristina M. Johnson is the Dean of the Pratt School of Engineering at Duke University. She received her B.S., M.S. (with distinction) and Ph.D. in electrical engineering from Stanford University. After a NATO post-doctoral fellowship at Trinity College, Dublin, Ireland, she joined the University of Colorado-Boulder's faculty in 1985 as an Assistant Professor, promoted to full Professor in 1994. From 1994 until 1999 Johnson directed the NSF/ERC for Optoelectronics Computing Systems Center at University of Colorado and Colorado State University. She has published over 140 refereed papers and proceedings, and holds forty-three patents. Dr. Johnson received the NSF Presidential Young Investigator Award (1985), the IBM Faculty Award, and the Dennis Gabor Prize, for "creativity and innovation in modern optics" (1993), and the Photonics Spectra Circle of Excellence Award for her design of the 128 x 128 liquid-crystal-on-silicon spatial light modulator (1994). Dr. Johnson is a recipient of the Colorado Technology Transfer Award by the Colorado Advanced Technology Institute (1997), the Council for Entrepreneurial Development Infrastructure Award in North Carolina (2001), was inducted into the Women In Technology International (WITI) Hall of Fame (2003) and received the Achievement Award, the highest honor from the Society of Women Engineers in 2004. A fellow of the Optical Society of America, IEEE and a Fulbright Scholar, Dr. Johnson is a director of SPIE, the International Society for Optical Engineering. She has helped start several companies including founder of ColorLink, Inc. and sits on the Board of Directors of several publicly traded companies including Mineral Technologies Inc., Boston Scientific Corporation, AES Corporation and Nortel (and is a former director of Guidant Corporation and Dycom Industries). Dr. Johnson currently serves on the advisory boards of the Colorado School of Mines, the Georgia Institute of Technology School of Engineering, the Duke Childrens' Classic, and the North Carolina Institute for Emerging Issues. She has previously served on the advisory committee to the NSF Engineering Directorate (Chair, 2003-04), Science Foundation Ireland, Smith College Pickering School, and Carnegie Mellon University.
John Alan MacNaughton
John Alan MacNaughton, C.M., served as the founding President and Chief Executive Officer of the Canada Pension Plan Investment Board, a Crown Corporation created by an Act of Parliament to invest the assets of the Canada Pension Plan, from 1999 until his retirement in 2005. He was President of Nesbitt Burns Inc., the investment banking arm of Bank of Montreal, from 1994 to 1999. Mr. MacNaughton is Chairman of Canadian Trading and Quotation System Inc. He is a Trustee of the University Health Network, an academic health science centre. He is a Governor of CCAF-FCVI Inc., a research and education foundation focused on governance, accountability, management and audit in the public sector. Mr. MacNaughton is Chairman of the Canadian Institute of International Affairs.
John Manley
The Hon. John P. Manley has been a senior counsel at the law firm of McCarthy Ttrault LLP since May 2004. Mr. Manley was previously the Member of Parliament for Ottawa South from November 1988 to June 2004 and Chairman of the Ontario Power Generation Review Committee, which was responsible for reviewing the state of the energy system of Ontario, from December 2003 to March 2004. As a Member of Parliament, Mr. Manley also held various positions in the Canadian federal government, including Deputy Prime Minister of Canada from January 2002 to December 2003, Minister of Finance from June 2002 to December 2003, Chair of the Cabinet Committee on Public Security and Anti-Terrorism from October 2001 to December 2003, Minister of Foreign Affairs from October 2000 to January 2002 and Minister of Industry prior thereto. Mr. Manley is also a director of Canadian Imperial Bank of Commerce. He was granted the designation C. Dir. (Chartered Director) by McMaster University in February 2006.
Richard McCormick
Richard David McCormick served as Chairman of US WEST, Inc., a telecommunications company, from June 1998 until his retirement in May 1999. He was chairman, president and chief executive officer of US WEST, Inc. from 1992 until 1998. He is also a director of HealthTrio Inc., United Technologies Corporation and Wells Fargo and Company. Mr. McCormick is also the Honorary Chairman (Past Chairman) of the International Chamber of Commerce, Vice Chairman (Past Chairman) of the United States Council for International Business. He is a Trustee of the Denver Art Museum, Vice President of the Denver Art Museum Foundation and Director Emeritus of Creighton University. From 1994 to 2003, Mr. McCormick was also a director of UAL Corporation, the parent holding company and sole shareholder of United Air Lines, Inc. On December 9, 2002, UAL Corporation, United Air Lines, Inc. and 26 direct and indirect wholly owned subsidiaries of UAL Corporation filed voluntary petitions to reorganize their businesses under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division.
Claude Mongeau
Claude Mongeau has been Executive Vice-President and Chief Financial Officer of CN since October 2000. He leads CN's strategic planning process and he is responsible for the overall financial management of CN.
He joined CN in May 1994 and has held the positions of vice-president, Strategic and Financial Planning, and assistant vice-president Corporate Development. He was appointed Senior Vice-President and Chief Financial Officer in October 1999.
Prior to joining CN, Mr. Mongeau was a partner with Groupe Secor, a Montreal-based management consulting firm providing strategic advice to large Canadian corporations such as Bombardier and Bell Canada. He also worked in the business development unit of Imasco Inc., a diversified holding company with subsidiaries operating in the manufacturing retail and financial services sectors. His career started in Europe with Bain & Company, a leading American consulting firm.
In 1997, Claude Mongeau was named one of Canada's top 40 executives under 40 years of age by the Financial Post Magazine. In 2005, he was selected Canada's CFO of the Year by an independent committee of prominent Canadian business leaders.
Directorships
* Nortel Networks
* SNC-Lavalin
* Muse Pointe--Callire
* Forces Avenir
Education
* McGill University
* Institut Suprieur des affaires (France)
* University of Quebec in Montreal
Professional Experience
* Canadian National Railway Company
* Imasco Ltd.
* Groupe Secor Inc.
* Bain & Company (Paris)
Awards
* Canada'a CFO of the Year for 2005
* Canada's Top 40 under 40
David Richardson
David I. Richardson is a corporate director. He is Chairman of the Board of Air Canada and a Director and Chair of the Audit Committee of ACE Aviation Holdings Inc. Mr. Richardson is the former Chairman of Ernst & Young Inc. (Canada) and a former Executive Partner of Ernst & Young LLP. Mr. Richardson was also a member of the Management and Executive Committees of Ernst & Young LLP, national managing partner of the firm's Corporate Finance practice and the senior partner in the corporate recovery and restructuring practice until his retirement from the partnership in 2002.
Mike Zafirovski
Mike Zafirovski is president and chief executive officer of Nortel, a global leader in innovative communications and services that are enabling the transformation of businesses around the world.
Since joining Nortel in November, 2005, Zafirovski has drawn on his depth of global business expertise to drive sustainable business improvements that build on the company's innovative strength in new technologies that are bringing unprecedented levels of personalization, security and mobility to communications.
Zafirovski is a 30-year business veteran with impressive global experience at two of the world's highest profile corporate innovators - General Electric and Motorola.
Prior to his current role at Nortel, he was president and chief operating officer of Motorola, Inc. from July 2002 to February 2005 where he was a key player leading the company's re-emergence in innovation, market share gains and significant profitability improvements by all six businesses. Zafirovski joined Motorola in June 2000 to lead its mobile devices business, which during his tenure returned to profitability and increased market share through the introduction of exciting new products and the Moto branding campaign.
Before his leadership positions at Motorola, Zafirovski spent 25 years at General Electric (GE), including 13 years as president and chief executive officer of five businesses in the industrial, financial services and insurance businesses. Prior to that, he held a number of increasingly senior positions in finance, auditing, marketing and strategy/business development at various GE businesses.
In 2007, President George W. Bush appointed Zafirovski to the National Security Telecommunications Advisory Committee (NSTAC). In its advisory role to the president, the NSTAC provides industry-based analysis and recommendations on a wide range of policy and technical issues related to telecommunications, information systems, information assurance, infrastructure protection, and other national security and emergency preparedness concerns.
As a presidential appointee to NSTAC, Zafirovski serves as a resource for the President and his national security team in efforts to safeguard critical U.S. infrastructure and telecommunications networks. In this capacity, Zafirovski participates in discussions on a broad range of policy and technical issues related to telecommunications, critical infrastructure protection, homeland security, and other security concerns.
Zafirovski holds a B.A. in mathematics from Edinboro University in Pennsylvania where he also captained the intercollegiate soccer and swimming teams. In 2002, Edinboro University awarded Zafirovski with an honorary doctorate degree. A native of Macedonia, he received the Ellis Island Medal of Honor in 2004.
Zafirovski serves on the board of directors of Boeing. An active member of civic and business communities, Zafirovski serves on several professional, educational and non-profit business organizations, including The Canadian Council of Chief Executives, The Economic Club of Chicago and the Macedonian Arts Council. He and his wife Robin are the national chairs for Duke University's Parents' Committee. They have three sons.
Tuesday, June 23, 2009
Three banks suspend TARP dividends and common dividends
It's probably the right move if you're that strapped, but who is THAT strapped?
Pacific Capital Bancorp(PCBC 3.39, +0.08, +2.42%) of Santa Barbara, Calif.,
Seacoast Banking Corp. of Florida (SBCF 2.32, -0.27, -10.43%) Stuart, Fla.,
and Midwest Banc Holdings Inc. (MBHI 1.01, -0.07, -6.48%) of Melrose Park, Ill.
The PCBC board is pretty much local people, and there's been some turnover in the management ranks so I wont tar these people. But doesnt that look like a good stock to short.
SBCF hasnt had much management or board turnover, so I'm a bit more suspicious here.
Dennis S. Hudson III
Chairman
Also on board of Florida Public Utilities Corp (FPU)
He is also a member of the board of directors of the Miami Branch of the Federal Reserve Bank of Atlanta. (eek!)
Dale M. Hudson
Vice Chairman
Stephen E. Bohner
Jeffrey C. Bruner
John H. Crane
T. Michael Crook
He was previously a member of Barnett Bank of Martin County’s Board of Directors for 11 years.
But you gotta love the name.
Hugh Gilbert Culbreth Jr.
Christopher E. Fogal
Jeffrey S. Furst
Mr. Furst was elected Property Appraiser for St. Lucie County, Florida in 2000. He has been a real estate broker since 1973 and is owner of Sun Realty, Inc. in Port St. Lucie, Florida.
Now that's interesting. He's on the Board of the bank, The appraiser for the property, and the owner of a local realty! *DANGER WILL ROBINSON*
A. Douglas Gilbert
Dennis S. Hudson Jr.
Thomas E. Rossin
Lead Director
Thomas H. Thurlow Jr.
Edwin E. Walpole III
Wow - three Hudsons on the Board. Two with the first name too. Gee, what's the odds that happens without them all being related. Oh yeah, this board is looking out for shareholders.
Midwest Banc Holdings - I'm not going to name this board - they booted the old CEO and got in new blood.
http://finance.yahoo.com/news/Midwest-Banc-Appoints-Roberto-bw-957624383.html?x=0&.v=5
Pacific Capital Bancorp(PCBC 3.39, +0.08, +2.42%) of Santa Barbara, Calif.,
Seacoast Banking Corp. of Florida (SBCF 2.32, -0.27, -10.43%) Stuart, Fla.,
and Midwest Banc Holdings Inc. (MBHI 1.01, -0.07, -6.48%) of Melrose Park, Ill.
The PCBC board is pretty much local people, and there's been some turnover in the management ranks so I wont tar these people. But doesnt that look like a good stock to short.
SBCF hasnt had much management or board turnover, so I'm a bit more suspicious here.
Dennis S. Hudson III
Chairman
Also on board of Florida Public Utilities Corp (FPU)
He is also a member of the board of directors of the Miami Branch of the Federal Reserve Bank of Atlanta. (eek!)
Dale M. Hudson
Vice Chairman
Stephen E. Bohner
Jeffrey C. Bruner
John H. Crane
T. Michael Crook
He was previously a member of Barnett Bank of Martin County’s Board of Directors for 11 years.
But you gotta love the name.
Hugh Gilbert Culbreth Jr.
Christopher E. Fogal
Jeffrey S. Furst
Mr. Furst was elected Property Appraiser for St. Lucie County, Florida in 2000. He has been a real estate broker since 1973 and is owner of Sun Realty, Inc. in Port St. Lucie, Florida.
Now that's interesting. He's on the Board of the bank, The appraiser for the property, and the owner of a local realty! *DANGER WILL ROBINSON*
A. Douglas Gilbert
Dennis S. Hudson Jr.
Thomas E. Rossin
Lead Director
Thomas H. Thurlow Jr.
Edwin E. Walpole III
Wow - three Hudsons on the Board. Two with the first name too. Gee, what's the odds that happens without them all being related. Oh yeah, this board is looking out for shareholders.
Midwest Banc Holdings - I'm not going to name this board - they booted the old CEO and got in new blood.
http://finance.yahoo.com/news/Midwest-Banc-Appoints-Roberto-bw-957624383.html?x=0&.v=5
Tuesday, May 19, 2009
Allstate also turns down TARP money
F. Duane Ackerman (Age 66)
Director since 1999
Chairman Emeritus of BellSouth Corporation, a communication services company, from December 2006 until his retirement in April 2007. Mr. Ackerman served as Chairman and Chief Executive Officer of BellSouth Corporation from mid-2005 through 2006. He previously served as Chairman, President and Chief Executive Officer of BellSouth Corporation from 1998 through mid-2005 and as President and Chief Executive Officer of BellSouth Corporation from 1997 to 1998. Mr. Ackerman is also a director of Home Depot and UPS.
Robert D. Beyer (Age 49)
Director since 2006
Chief Executive Officer of The TCW Group, Inc., an investment management firm, since 2005. Mr. Beyer previously served as President and Chief Investment Officer from 2000 until 2005 of Trust Company of the West, a subsidiary of The TCW Group, Inc. Mr. Beyer is also a director of The Kroger Co. and The TCW Group, Inc.
W. James Farrell (Age 66)
Director since 1999
Chairman of Illinois Tool Works, Inc., a manufacturer of highly engineered fasteners, components, assemblies and systems, from May 1996 until his retirement in May 2006. Mr. Farrell previously served as Chief Executive Officer of Illinois Tool Works Inc. from September 1995 until August 2005. He is also a director of Abbott Laboratories, 3M Company and UAL Corporation.
Jack M. Greenberg (Age 66)
Director since 2002
Chairman of The Western Union Company, a money transfer service firm, since September 2006. Chairman and Chief Executive Officer of McDonald’s Corporation from May 1999 until his retirement on December 31, 2002. Mr. Greenberg is also a director of Hasbro, Inc., Innerworkings, Inc., and Manpower, Inc., as well as The Western Union Company.
Ronald T. LeMay (Age 63)
Director since 1999
Industrial Partner of Ripplewood Holdings, LLC, a private equity fund, since October 2003. Mr. LeMay also serves as Executive Chairman and as Chief Executive Officer of Last Mile Connections, Inc. since September 2005 and October 2006, respectively, and as Chairman of Aircell Corporation since July 2006. Last Mile Connections and Aircell are Ripplewood Holdings portfolio companies. Mr. LeMay is also Chairman of October Capital, a private investment company since February 2000. Previously, Mr. LeMay served as Representative Executive Officer of Japan Telecom from November 2003 until the sale of the company in July 2004 and as President and Chief Operating Officer of Sprint Corporation from October 1997 until April 2003. He is also a director of Imation Corporation
H. John Riley, Jr. (Age 68)
Director since 1998
Chairman of Cooper Industries Ltd., a diversified manufacturer of electrical products, tools and hardware, from April 1996 until his retirement in February 2006. Riley previously served as Chairman and Chief Executive Officer from April 1996 until May 2005 and Chairman, President and Chief Executive Officer of Cooper Industries Ltd., from April 1996 until August 2004. He is also a director of Baker Hughes Inc. and Westlake Chemical Corporation.
Joshua I. Smith (Age 68)
Director since 1997
Chairman and Managing Partner since 1999 of The Coaching Group, a management consulting firm. He is also a director of Caterpillar, Inc., Comprehensive Care Corporation and FedEx Corporation.
Judith A. Sprieser (Age 55)
Director since 1999
Chief Executive Officer of Transora, a technology software and services company from September 2000 until March 2005. She is also a director of Adecco SA, InterContinentalExchange, Inc., Reckitt Benckiser plc, Royal Ahold NV and USG Corporation.
Mary Alice Taylor (Age 59)
Director since 2000
Mrs. Taylor is an active independent business executive. During her career she has served in senior executive positions with Fortune 100 companies until her retirement in 2000. Mrs. Taylor has served on several major public company boards. Currently, she serves on the Board of Blue Nile, Inc.
Thomas J. Wilson (Age 51)
Director since 2006
Chairman of Allstate since May 2008. President and Chief Executive Officer of Allstate since January 2007. Mr. Wilson previously served as President and Chief Operating Officer from June 2005 until January 2007. Mr. Wilson also served as President of Allstate Protection from 2002 to 2006, and as Chairman and President of Allstate Financial from 1999 to 2002.
The CEO is also the Chairman - that isn't the best thing on average.
Mr Ackerman is also on the board of Home Depot. I've written about them before, I'll have to see if he was one of the people on the board back when Home Depot was having their problems.
Interesting how Mr Ackerman is on the board of UPS and Mr Smith is on the board of Fedex.
I'm not sure they compete, but it's also interesting that Mr Farrell is the chairman of Illinois Tool Works and Mr Smith is on the board at Caterpillar.
That's either a very contentious board or a board that has a lot of communications.
Director since 1999
Chairman Emeritus of BellSouth Corporation, a communication services company, from December 2006 until his retirement in April 2007. Mr. Ackerman served as Chairman and Chief Executive Officer of BellSouth Corporation from mid-2005 through 2006. He previously served as Chairman, President and Chief Executive Officer of BellSouth Corporation from 1998 through mid-2005 and as President and Chief Executive Officer of BellSouth Corporation from 1997 to 1998. Mr. Ackerman is also a director of Home Depot and UPS.
Robert D. Beyer (Age 49)
Director since 2006
Chief Executive Officer of The TCW Group, Inc., an investment management firm, since 2005. Mr. Beyer previously served as President and Chief Investment Officer from 2000 until 2005 of Trust Company of the West, a subsidiary of The TCW Group, Inc. Mr. Beyer is also a director of The Kroger Co. and The TCW Group, Inc.
W. James Farrell (Age 66)
Director since 1999
Chairman of Illinois Tool Works, Inc., a manufacturer of highly engineered fasteners, components, assemblies and systems, from May 1996 until his retirement in May 2006. Mr. Farrell previously served as Chief Executive Officer of Illinois Tool Works Inc. from September 1995 until August 2005. He is also a director of Abbott Laboratories, 3M Company and UAL Corporation.
Jack M. Greenberg (Age 66)
Director since 2002
Chairman of The Western Union Company, a money transfer service firm, since September 2006. Chairman and Chief Executive Officer of McDonald’s Corporation from May 1999 until his retirement on December 31, 2002. Mr. Greenberg is also a director of Hasbro, Inc., Innerworkings, Inc., and Manpower, Inc., as well as The Western Union Company.
Ronald T. LeMay (Age 63)
Director since 1999
Industrial Partner of Ripplewood Holdings, LLC, a private equity fund, since October 2003. Mr. LeMay also serves as Executive Chairman and as Chief Executive Officer of Last Mile Connections, Inc. since September 2005 and October 2006, respectively, and as Chairman of Aircell Corporation since July 2006. Last Mile Connections and Aircell are Ripplewood Holdings portfolio companies. Mr. LeMay is also Chairman of October Capital, a private investment company since February 2000. Previously, Mr. LeMay served as Representative Executive Officer of Japan Telecom from November 2003 until the sale of the company in July 2004 and as President and Chief Operating Officer of Sprint Corporation from October 1997 until April 2003. He is also a director of Imation Corporation
H. John Riley, Jr. (Age 68)
Director since 1998
Chairman of Cooper Industries Ltd., a diversified manufacturer of electrical products, tools and hardware, from April 1996 until his retirement in February 2006. Riley previously served as Chairman and Chief Executive Officer from April 1996 until May 2005 and Chairman, President and Chief Executive Officer of Cooper Industries Ltd., from April 1996 until August 2004. He is also a director of Baker Hughes Inc. and Westlake Chemical Corporation.
Joshua I. Smith (Age 68)
Director since 1997
Chairman and Managing Partner since 1999 of The Coaching Group, a management consulting firm. He is also a director of Caterpillar, Inc., Comprehensive Care Corporation and FedEx Corporation.
Judith A. Sprieser (Age 55)
Director since 1999
Chief Executive Officer of Transora, a technology software and services company from September 2000 until March 2005. She is also a director of Adecco SA, InterContinentalExchange, Inc., Reckitt Benckiser plc, Royal Ahold NV and USG Corporation.
Mary Alice Taylor (Age 59)
Director since 2000
Mrs. Taylor is an active independent business executive. During her career she has served in senior executive positions with Fortune 100 companies until her retirement in 2000. Mrs. Taylor has served on several major public company boards. Currently, she serves on the Board of Blue Nile, Inc.
Thomas J. Wilson (Age 51)
Director since 2006
Chairman of Allstate since May 2008. President and Chief Executive Officer of Allstate since January 2007. Mr. Wilson previously served as President and Chief Operating Officer from June 2005 until January 2007. Mr. Wilson also served as President of Allstate Protection from 2002 to 2006, and as Chairman and President of Allstate Financial from 1999 to 2002.
The CEO is also the Chairman - that isn't the best thing on average.
Mr Ackerman is also on the board of Home Depot. I've written about them before, I'll have to see if he was one of the people on the board back when Home Depot was having their problems.
Interesting how Mr Ackerman is on the board of UPS and Mr Smith is on the board of Fedex.
I'm not sure they compete, but it's also interesting that Mr Farrell is the chairman of Illinois Tool Works and Mr Smith is on the board at Caterpillar.
That's either a very contentious board or a board that has a lot of communications.
Monday, May 18, 2009
Ameriprise turns down government money - they ran the company well enough not to need it
James M. Cracchiolo
Mr. Cracchiolo has been Chairman and Chief Executive Officer of Ameriprise Financial since September 2005, when the company, American Express Financial Advisors, completed its spin-off from American Express.
Mr. Cracchiolo served as Group President, American Express Global Financial Services 2000-2005 and as President and Chief Executive Officer of American Express' Travel Related Services International from May 1998 through July 2003. Mr. Cracchiolo joined American Express Company in 1982.
In addition, Mr. Cracchiolo is a member of the Business Roundtable, the Financial Services Roundtable, the Minnesota Business Partnership and the American Council of Life Insurers. He also serves on the Board of Advisors to the March of Dimes Foundation.
Warren D. Knowlton
Mr. Knowlton is the chief executive officer and a board member of Graham Packaging Company, L.P., a leading international supplier of plastic food and beverage containers.
Until mid-2006, Mr. Knowlton was the chief executive officer and board member of The Morgan Crucible Company plc, a U.K.-based building materials company with global operations.
Prior to joining The Morgan Crucible Company plc, he held senior leadership positions with Pilkington plc and Owens Corning in both the United States and international markets.
Mr. Knowlton has been a director of the Smith & Nephew plc board since 2000, serving as chairman of the global medical technology company's audit committee since 2001.
W. Walker Lewis
Mr. Lewis is chairman of Devon Value Advisers, a financial consulting and investment banking firm, which he founded in 1997. Previously, he served as a managing director of Kidder Peabody, where he was a member of the firm's management committee.
From 1991 to 1993, Mr. Lewis was president of Avon Products Inc., North America, and a member of the Office of the Chairman of Avon Incorporated.
From 1993 to 1997 Mr. Lewis was a senior adviser at Dillon Reed.
Siri S. Marshall
Ms. Marshall serves as senior vice president, general counsel and secretary, and chief governance and compliance officer at General Mills, Inc. She also managed General Mills' tax function from 1994 to 1999 and its Corporate Affairs group from 1999 to 2005.
Prior to joining General Mills in 1994, Ms. Marshall was senior vice president, general counsel and secretary of Avon Products, Inc.
Ms. Marshall also is a director of Equifax, Inc., the Yale Center for the Study of Corporate Law, the International Institute for Conflict Prevention and Resolution, and a trustee of the Minneapolis Institute of Arts and the General Mills Foundation.
She has served as a director of NovaCare, Inc., Jafra Cosmetics International and Snack Ventures Europe, and as a member of The New York Stock Exchange Legal Advisory Committee and the Bank of America Midwest Advisory Council.
Jeffrey Noddle
Mr. Noddle is chairman and chief executive officer of Minnesota-based SUPERVALU INC., the third-largest grocery retail company and a leading food distributor in the United States. He has held this position since 2002. Prior to his present position, he held a number of leadership positions across SUPERVALU's retail and supply chain operations, including president and chief operating officer, corporate executive vice president and president and chief operating officer of SUPERVALU's supply chain company, and corporate vice president of merchandising.
In addition to his role as chairman of the SUPERVALU board of directors, Mr. Noddle serves on a number of industry and corporate boards. He is currently chairman of the board of directors of The Food Marketing Institute and serves as a member of the boards of directors of Donaldson Company, Inc., The Food Industry Center at the University of Minnesota, the Independent Grocers Alliance, Inc. and the Academy of Food Marketing at Saint Joseph's University.
Mr. Noddle is also active in Minneapolis civic affairs, currently serving on the Greater Twin Cities United Way board of directors and executive committee, the University of Minnesota Carlson School of Management's board of overseers and as a member of the executive committee of the Minnesota Business Partnership and The Business Council.
H. Jay Sarles
Mr. Sarles is retired, having most recently served as vice chairman of Bank of America Corporation. Prior to that, he served as vice chairman and chief administrative officer of FleetBoston Financial with responsibility for administrative functions, technology and operations, treasury services, corporate strategy and mergers and acquisitions.
During his 37 years at Fleet, Mr. Sarles oversaw virtually all of Fleet's businesses at one time or another, including, most recently, the company's wholesale banking businesses. These included commercial finance, real estate finance, capital markets, global services, industry banking, middle market and large corporate lending, small business services and investment banking businesses.
He also is a member of the boards of directors of AvalonBay Communities, Inc., Carlyle Capital Corporation Limited, Dental Service of Massachusetts, Inc., DentaQuest Ventures, Inc., MBNA Europe Bank Limited, an indirect subsidiary of Bank of America Corporation. Mr. Sarles also is a trustee of Mount Holyoke College.
Robert F. Sharpe, Jr.
Mr. Sharpe has been executive vice president - Legal and External Affairs, at ConAgra Foods, Inc. since 2005.
From 2002 until joining ConAgra, he was a partner at the Brunswick Group LLC, an international financial public relations firm. He served as senior vice president - Public Affairs, secretary and general counsel for PepsiCo, Inc. from 1998 to 2002. Previously, Mr. Sharpe was senior vice president and general counsel for RJR Nabisco, Inc.
Mr. Sharpe is also an executive advisor to Starvest Partners, a business-to-business technology venture capital fund, and a former member of the boards of Pepsi Bottling Group and Pepsi Americas.
William H. Turner
Mr. Turner is dean of the College of Business at Stony Brook University. Previously, he was senior partner at Summus Limited.
He was president and chief executive officer of PNC Bank, New Jersey from 1997 to 2000 and chairman of PNC Bank, N.A., New Jersey and Northeast Region, from 2000 until his retirement in 2002. Before joining PNC, Mr. Turner was president and co-chief executive officer at Franklin Electronic Publishers, Inc. and vice chairman of Chemical Banking Corporation, which merged with The Chase Manhattan Corporation in 1995.
He also is a member of the boards of directors of Franklin Electronic Publishers, Inc., Standard Motor Products, Inc., Volt Information Sciences, Inc. and New Jersey Resources, Inc.
Mr. Cracchiolo has been Chairman and Chief Executive Officer of Ameriprise Financial since September 2005, when the company, American Express Financial Advisors, completed its spin-off from American Express.
Mr. Cracchiolo served as Group President, American Express Global Financial Services 2000-2005 and as President and Chief Executive Officer of American Express' Travel Related Services International from May 1998 through July 2003. Mr. Cracchiolo joined American Express Company in 1982.
In addition, Mr. Cracchiolo is a member of the Business Roundtable, the Financial Services Roundtable, the Minnesota Business Partnership and the American Council of Life Insurers. He also serves on the Board of Advisors to the March of Dimes Foundation.
Warren D. Knowlton
Mr. Knowlton is the chief executive officer and a board member of Graham Packaging Company, L.P., a leading international supplier of plastic food and beverage containers.
Until mid-2006, Mr. Knowlton was the chief executive officer and board member of The Morgan Crucible Company plc, a U.K.-based building materials company with global operations.
Prior to joining The Morgan Crucible Company plc, he held senior leadership positions with Pilkington plc and Owens Corning in both the United States and international markets.
Mr. Knowlton has been a director of the Smith & Nephew plc board since 2000, serving as chairman of the global medical technology company's audit committee since 2001.
W. Walker Lewis
Mr. Lewis is chairman of Devon Value Advisers, a financial consulting and investment banking firm, which he founded in 1997. Previously, he served as a managing director of Kidder Peabody, where he was a member of the firm's management committee.
From 1991 to 1993, Mr. Lewis was president of Avon Products Inc., North America, and a member of the Office of the Chairman of Avon Incorporated.
From 1993 to 1997 Mr. Lewis was a senior adviser at Dillon Reed.
Siri S. Marshall
Ms. Marshall serves as senior vice president, general counsel and secretary, and chief governance and compliance officer at General Mills, Inc. She also managed General Mills' tax function from 1994 to 1999 and its Corporate Affairs group from 1999 to 2005.
Prior to joining General Mills in 1994, Ms. Marshall was senior vice president, general counsel and secretary of Avon Products, Inc.
Ms. Marshall also is a director of Equifax, Inc., the Yale Center for the Study of Corporate Law, the International Institute for Conflict Prevention and Resolution, and a trustee of the Minneapolis Institute of Arts and the General Mills Foundation.
She has served as a director of NovaCare, Inc., Jafra Cosmetics International and Snack Ventures Europe, and as a member of The New York Stock Exchange Legal Advisory Committee and the Bank of America Midwest Advisory Council.
Jeffrey Noddle
Mr. Noddle is chairman and chief executive officer of Minnesota-based SUPERVALU INC., the third-largest grocery retail company and a leading food distributor in the United States. He has held this position since 2002. Prior to his present position, he held a number of leadership positions across SUPERVALU's retail and supply chain operations, including president and chief operating officer, corporate executive vice president and president and chief operating officer of SUPERVALU's supply chain company, and corporate vice president of merchandising.
In addition to his role as chairman of the SUPERVALU board of directors, Mr. Noddle serves on a number of industry and corporate boards. He is currently chairman of the board of directors of The Food Marketing Institute and serves as a member of the boards of directors of Donaldson Company, Inc., The Food Industry Center at the University of Minnesota, the Independent Grocers Alliance, Inc. and the Academy of Food Marketing at Saint Joseph's University.
Mr. Noddle is also active in Minneapolis civic affairs, currently serving on the Greater Twin Cities United Way board of directors and executive committee, the University of Minnesota Carlson School of Management's board of overseers and as a member of the executive committee of the Minnesota Business Partnership and The Business Council.
H. Jay Sarles
Mr. Sarles is retired, having most recently served as vice chairman of Bank of America Corporation. Prior to that, he served as vice chairman and chief administrative officer of FleetBoston Financial with responsibility for administrative functions, technology and operations, treasury services, corporate strategy and mergers and acquisitions.
During his 37 years at Fleet, Mr. Sarles oversaw virtually all of Fleet's businesses at one time or another, including, most recently, the company's wholesale banking businesses. These included commercial finance, real estate finance, capital markets, global services, industry banking, middle market and large corporate lending, small business services and investment banking businesses.
He also is a member of the boards of directors of AvalonBay Communities, Inc., Carlyle Capital Corporation Limited, Dental Service of Massachusetts, Inc., DentaQuest Ventures, Inc., MBNA Europe Bank Limited, an indirect subsidiary of Bank of America Corporation. Mr. Sarles also is a trustee of Mount Holyoke College.
Robert F. Sharpe, Jr.
Mr. Sharpe has been executive vice president - Legal and External Affairs, at ConAgra Foods, Inc. since 2005.
From 2002 until joining ConAgra, he was a partner at the Brunswick Group LLC, an international financial public relations firm. He served as senior vice president - Public Affairs, secretary and general counsel for PepsiCo, Inc. from 1998 to 2002. Previously, Mr. Sharpe was senior vice president and general counsel for RJR Nabisco, Inc.
Mr. Sharpe is also an executive advisor to Starvest Partners, a business-to-business technology venture capital fund, and a former member of the boards of Pepsi Bottling Group and Pepsi Americas.
William H. Turner
Mr. Turner is dean of the College of Business at Stony Brook University. Previously, he was senior partner at Summus Limited.
He was president and chief executive officer of PNC Bank, New Jersey from 1997 to 2000 and chairman of PNC Bank, N.A., New Jersey and Northeast Region, from 2000 until his retirement in 2002. Before joining PNC, Mr. Turner was president and co-chief executive officer at Franklin Electronic Publishers, Inc. and vice chairman of Chemical Banking Corporation, which merged with The Chase Manhattan Corporation in 1995.
He also is a member of the boards of directors of Franklin Electronic Publishers, Inc., Standard Motor Products, Inc., Volt Information Sciences, Inc. and New Jersey Resources, Inc.
Ford - the best run American Car Company (at least at the time I write this)
Stephen G. Butler
Age: 59—Director Since: 2004
Principal Occupation: Retired Chairman and Chief Executive Officer, KPMG, LLP
Recent Business Experience: Mr. Butler served as Chairman and CEO of KPMG, LLP from 1996 until his retirement on June 30, 2002. Mr. Butler held a variety of management positions, both in the United States and internationally, during his 33-year career at KPMG.
Committee Memberships: Audit, Nominating and Governance
Other Directorships: Cooper Industries, Ltd.; ConAgra Foods, Inc.
Kimberly A. Casiano
Age: 49—Director Since: 2003
Principal Occupation: President and Chief Operating Officer, Casiano Communications, Inc., San Juan, Puerto Rico
Recent Business Experience: Ms. Casiano was appointed President and Chief Operating Officer of Casiano Communications, a publishing and direct marketing company, in 1994. From 1987 to 1994, she held a number of management positions within Casiano Communications in both the periodicals and magazines and the bilingual direct marketing and call center divisions of the company. Ms. Casiano is a member of the Board of Trustees of the Hispanic College Fund, the Access America Committee of the U.S. Chamber of Commerce, the Board of Directors of Mutual of America and the Board of Advisors of the Moffitt Cancer Center.
Committee Memberships: Audit, Environmental and Public Policy, Nominating and Governance
Anthony F. Earley, Jr.
Age: 59—Director Since: March 2009
Principal Occupation: Chairman and Chief Executive Officer, DTE Energy, Detroit, Michigan
Recent Business Experience: Mr. Earley has been Chairman and Chief Executive Officer of DTE Energy since 1998. Mr. Earley joined DTE Energy in 1994 as President and Chief Operating Officer. Prior to that time, Mr. Earley served as President and Chief Operating Officer of the Long Island Lighting Company, an electric and gas utility in New York. Mr. Earley is a director of the Nuclear Energy Institute and the Edison Electric Institute. Mr. Earley also serves as a director for several charitable organizations including Cornerstone Schools, Detroit Zoological Society, Detroit Renaissance, and United Way for Southeastern Michigan. Mr. Earley has sat on advisory boards of the U.S. Department of Energy, the New York Stock Exchange, and the University of Notre Dame. Mr. Earley also served as an officer in the United States Navy nuclear submarine program where he was qualified as a chief engineer officer.
Other Directorships: DTE Energy; Masco Corporation
Edsel B. Ford II
Age: 58—Director Since: 1988
Principal Occupation: Director and Consultant, Ford Motor Company
Recent Business Experience: Mr. Ford is a retired Vice President of Ford Motor Company and former President and Chief Operating Officer of Ford Motor Credit Company. He presently serves as a consultant to the Company.
Committee Memberships: Environmental and Public Policy, Finance
William Clay Ford, Jr.
Age: 49—Director Since: 1988
Principal Occupation: Executive Chairman and Chairman of the Board of Directors, Ford Motor Company
Recent Business Experience: Mr. Ford has held a number of management positions within Ford, including Vice President — Commercial Truck Vehicle Center. From 1995 until October 30, 2001, Mr. Ford was Chair of the Finance Committee. Effective January 1, 1999, he was elected Chairman of the Board of Directors and effective October 30, 2001, he was elected Chief Executive Officer of the Company. Mr. Ford became Executive Chairman of the Company on September 1, 2006. Mr. Ford also is Vice Chairman of The Detroit Lions, Inc., Chairman of the Detroit Economic Club, and Chairman of the Board of Trustees of The Henry Ford. He also is a Vice Chairman of Detroit Renaissance.
Committee Memberships: Environmental and Public Policy, Finance
Richard A. Gephardt
Age: 68—Director Since: March 2009
Principal Occupation: President and Chief Executive Officer, Gephardt Group, Atlanta, Georgia
Recent Business Experience: Mr. Gephardt has been President and Chief Executive Officer since 2005 of Gephardt Group, LLC a multi-disciplined consulting firm. He also serves as Strategic Advisor since June 2005 for the Government Affairs practice group of DLA Piper Rudnick, one of the world's largest legal services providers, and as a consultant to Goldman, Sachs & Co. since January 2005. Mr. Gephardt is the former Majority Leader of the U.S. House of Representatives and served 14 terms in Congress from 1976 until January 2005. He is also a member of the Professional Advisory Board of St. Jude Children's Research Hospital.
Other Directorships: Centene Corporation; Embarq Corporation; Spirit Aerosystems Holding, Incorporated; United States Steel Corporation
Irvine O. Hockaday, Jr.
Age: 70—Director Since: 1987
Principal Occupation: Retired President and Chief Executive Officer, Hallmark Cards, Inc., Kansas City, Missouri
Recent Business Experience: Mr. Hockaday was President and CEO of Hallmark Cards, Inc. since January 1, 1986, and a director since 1978. He retired in December 2001.
Committee Memberships: Audit, Nominating and Governance
Other Directorships: Aquila, Inc.; Crown Media Holdings, Inc.; Sprint Corp.; The Estee Lauder Companies, Inc.
Richard A. Manoogian
Age: 70—Director Since: 2001
Principal Occupation: Executive Chairman and Chairman of the Board, Masco Corporation, Taylor, Michigan
Recent Business Experience: Mr. Manoogian has been with Masco since 1958, became Vice President and a member of the Board in 1964, President in 1968 and, in 1985, became Chairman. Mr. Manoogian is a member of the Board of Detroit Renaissance, The Henry Ford and a member of The American Business Conference.
Committee Memberships: Compensation, Nominating and Governance
Other Directorships: Masco Corporation; JPMorgan Chase & Co.
Ellen R. Marram
Age: 59—Director Since: 1988
Principal Occupation: President, The Barnegat Group, LLC
Recent Business Experience: Ms. Marram is President of the Barnegat Group, LLC, a business advisory firm. From September 2000 through December 2005, Ms. Marram was Managing Director of North Castle Partners, LLC, a private equity firm. Ms. Marram served as President and CEO of efdex inc. from August 1999 to May 2000. She previously served as President and CEO of Tropicana Beverage Group from September 1997 until November 1998, and had previously served as President of the Group, as well as Executive Vice President of The Seagram Company Ltd. and Joseph E. Seagram & Sons, Inc. Before joining Seagram in 1993, she served as President and CEO of Nabisco Biscuit Company and Senior Vice President of the Nabisco Foods Group from June 1988 until April 1993.
Committee Memberships: Compensation, Environmental and Public Policy, Nominating and Governance
Other Directorships: The New York Times Company; Eli Lilly and Company; Cadbury Schweppes plc
Alan Mulally
Age: 61—Director Since: September 2006
Principal Occupation: President and Chief Executive Officer, Ford Motor Company
Recent Business Experience: Mr. Mulally was elected President and Chief Executive Officer of Ford effective September 1, 2006. Since March 2001, Mr. Mulally had been Executive Vice President of the Boeing Company and President and Chief Executive Officer of Boeing Commercial Airplanes. He was also a member of the Boeing Executive Council and served as Boeing’s senior executive in the Pacific Northwest. Prior to that time, Mr. Mulally served in a number of other executive positions within Boeing. Mr. Mulally has served as co-chair of the Washington Competitive Council, and has sat on the advisory boards of NASA, the University of Washington, the University of Kansas, the Massachusetts Institute of Technology, and the U.S. Air Force Scientific Advisory Board. He is a member of the U.S. National Academy of Engineering and a fellow of England’s Royal Academy of Engineering.
Committee Memberships: Finance
Homer A. Neal
Age: 64—Director Since: 1997
Principal Occupation: Director, ATLAS Project, Professor of Physics, Interim President Emeritus, and Vice President for Research Emeritus, University of Michigan, Ann Arbor, Michigan
Recent Business Experience: Dr. Neal is director, University of Michigan ATLAS Project, Samuel A. Goudsmit Distinguished Professor of Physics, Interim President Emeritus and Vice President for Research Emeritus at the University of Michigan. He rejoined the University as Chairman of its Physics Department in 1987, and in 1993 was named Vice President of Research. Dr. Neal served as Interim President of the University of Michigan from July 1, 1996 to February 1, 1997. He has served as a member of the U.S. National Science Board, the Advisory Board of the Oak Ridge National Laboratory, as a Trustee of the Center for Strategic and International Studies and as a member of the Board of Regents of the Smithsonian Institution. Dr. Neal currently is a member of the Board of Trustees of the Richard Lounsbery Foundation and a member of the Advisory Board for the Lawrence Berkeley National Laboratory.
Committee Memberships: Environmental and Public Policy, Finance, Nominating and Governance
Gerald L. Shaheen
Age: 63—Director Since: July 11, 2007
Principal Occupation: Group President, Caterpillar, Inc., Peoria, Illinois
Recent Business Experience: Mr. Shaheen is a group president of Caterpillar and has responsibility for the design, development, and production of Caterpillar's large construction and mining equipment, as well as the company's U.S. operations division. He is also responsible for marketing and sales operations in North America, Caterpillar's components business, and Caterpillar's research and development division. Mr. Shaheen joined Caterpillar in 1967 and has held numerous marketing and management positions both in the United States and Europe, and at one time had responsibility for Caterpillar's business in Europe, Africa, the Middle East, and the former Soviet Union. He was elected a vice president of Caterpillar with responsibility for engine marketing and administration in 1995 and assumed his current position in November 1998.
Committee Memberships: Audit, Nominating and Governance
Other Directorships: National City Corporation; AGCO Corporation
John L. Thornton
Age: 53—Director Since: 1996
Principal Occupation: Professor and Director, Global Leadership Program, Tsinghua University, Beijing, China
Recent Business Experience: Mr. Thornton retired as President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc. on June 30, 2003. Mr. Thornton was appointed to that post in 1999 and formerly served as Chairman of Goldman Sachs — Asia from 1996 to 1998. He was previously Co-Chief Executive of Goldman Sachs International, the firm’s business in Europe, the Middle East and Africa. He also is the Chairman of the Board of Trustees of the Brookings Institution.
Committee Memberships: Compensation, Finance, Nominating and Governance
Other Directorships: News Corporation; Intel, Inc.; China Netcom Group Corporation (Hong Kong) Limited; Industrial Commercial Bank of China Limited
William Clay Ford, Director Emeritus
William Clay Ford retired from the Board of Directors effective May 12, 2005, after 57 years of service. As Director Emeritus, Mr. Ford is entitled to attend Board and committee meetings and participate in discussion of matters that come before the Board or its committees, although he is not entitled to vote upon any such matters and no longer receives compensation as a non-employee Board member.
Age: 59—Director Since: 2004
Principal Occupation: Retired Chairman and Chief Executive Officer, KPMG, LLP
Recent Business Experience: Mr. Butler served as Chairman and CEO of KPMG, LLP from 1996 until his retirement on June 30, 2002. Mr. Butler held a variety of management positions, both in the United States and internationally, during his 33-year career at KPMG.
Committee Memberships: Audit, Nominating and Governance
Other Directorships: Cooper Industries, Ltd.; ConAgra Foods, Inc.
Kimberly A. Casiano
Age: 49—Director Since: 2003
Principal Occupation: President and Chief Operating Officer, Casiano Communications, Inc., San Juan, Puerto Rico
Recent Business Experience: Ms. Casiano was appointed President and Chief Operating Officer of Casiano Communications, a publishing and direct marketing company, in 1994. From 1987 to 1994, she held a number of management positions within Casiano Communications in both the periodicals and magazines and the bilingual direct marketing and call center divisions of the company. Ms. Casiano is a member of the Board of Trustees of the Hispanic College Fund, the Access America Committee of the U.S. Chamber of Commerce, the Board of Directors of Mutual of America and the Board of Advisors of the Moffitt Cancer Center.
Committee Memberships: Audit, Environmental and Public Policy, Nominating and Governance
Anthony F. Earley, Jr.
Age: 59—Director Since: March 2009
Principal Occupation: Chairman and Chief Executive Officer, DTE Energy, Detroit, Michigan
Recent Business Experience: Mr. Earley has been Chairman and Chief Executive Officer of DTE Energy since 1998. Mr. Earley joined DTE Energy in 1994 as President and Chief Operating Officer. Prior to that time, Mr. Earley served as President and Chief Operating Officer of the Long Island Lighting Company, an electric and gas utility in New York. Mr. Earley is a director of the Nuclear Energy Institute and the Edison Electric Institute. Mr. Earley also serves as a director for several charitable organizations including Cornerstone Schools, Detroit Zoological Society, Detroit Renaissance, and United Way for Southeastern Michigan. Mr. Earley has sat on advisory boards of the U.S. Department of Energy, the New York Stock Exchange, and the University of Notre Dame. Mr. Earley also served as an officer in the United States Navy nuclear submarine program where he was qualified as a chief engineer officer.
Other Directorships: DTE Energy; Masco Corporation
Edsel B. Ford II
Age: 58—Director Since: 1988
Principal Occupation: Director and Consultant, Ford Motor Company
Recent Business Experience: Mr. Ford is a retired Vice President of Ford Motor Company and former President and Chief Operating Officer of Ford Motor Credit Company. He presently serves as a consultant to the Company.
Committee Memberships: Environmental and Public Policy, Finance
William Clay Ford, Jr.
Age: 49—Director Since: 1988
Principal Occupation: Executive Chairman and Chairman of the Board of Directors, Ford Motor Company
Recent Business Experience: Mr. Ford has held a number of management positions within Ford, including Vice President — Commercial Truck Vehicle Center. From 1995 until October 30, 2001, Mr. Ford was Chair of the Finance Committee. Effective January 1, 1999, he was elected Chairman of the Board of Directors and effective October 30, 2001, he was elected Chief Executive Officer of the Company. Mr. Ford became Executive Chairman of the Company on September 1, 2006. Mr. Ford also is Vice Chairman of The Detroit Lions, Inc., Chairman of the Detroit Economic Club, and Chairman of the Board of Trustees of The Henry Ford. He also is a Vice Chairman of Detroit Renaissance.
Committee Memberships: Environmental and Public Policy, Finance
Richard A. Gephardt
Age: 68—Director Since: March 2009
Principal Occupation: President and Chief Executive Officer, Gephardt Group, Atlanta, Georgia
Recent Business Experience: Mr. Gephardt has been President and Chief Executive Officer since 2005 of Gephardt Group, LLC a multi-disciplined consulting firm. He also serves as Strategic Advisor since June 2005 for the Government Affairs practice group of DLA Piper Rudnick, one of the world's largest legal services providers, and as a consultant to Goldman, Sachs & Co. since January 2005. Mr. Gephardt is the former Majority Leader of the U.S. House of Representatives and served 14 terms in Congress from 1976 until January 2005. He is also a member of the Professional Advisory Board of St. Jude Children's Research Hospital.
Other Directorships: Centene Corporation; Embarq Corporation; Spirit Aerosystems Holding, Incorporated; United States Steel Corporation
Irvine O. Hockaday, Jr.
Age: 70—Director Since: 1987
Principal Occupation: Retired President and Chief Executive Officer, Hallmark Cards, Inc., Kansas City, Missouri
Recent Business Experience: Mr. Hockaday was President and CEO of Hallmark Cards, Inc. since January 1, 1986, and a director since 1978. He retired in December 2001.
Committee Memberships: Audit, Nominating and Governance
Other Directorships: Aquila, Inc.; Crown Media Holdings, Inc.; Sprint Corp.; The Estee Lauder Companies, Inc.
Richard A. Manoogian
Age: 70—Director Since: 2001
Principal Occupation: Executive Chairman and Chairman of the Board, Masco Corporation, Taylor, Michigan
Recent Business Experience: Mr. Manoogian has been with Masco since 1958, became Vice President and a member of the Board in 1964, President in 1968 and, in 1985, became Chairman. Mr. Manoogian is a member of the Board of Detroit Renaissance, The Henry Ford and a member of The American Business Conference.
Committee Memberships: Compensation, Nominating and Governance
Other Directorships: Masco Corporation; JPMorgan Chase & Co.
Ellen R. Marram
Age: 59—Director Since: 1988
Principal Occupation: President, The Barnegat Group, LLC
Recent Business Experience: Ms. Marram is President of the Barnegat Group, LLC, a business advisory firm. From September 2000 through December 2005, Ms. Marram was Managing Director of North Castle Partners, LLC, a private equity firm. Ms. Marram served as President and CEO of efdex inc. from August 1999 to May 2000. She previously served as President and CEO of Tropicana Beverage Group from September 1997 until November 1998, and had previously served as President of the Group, as well as Executive Vice President of The Seagram Company Ltd. and Joseph E. Seagram & Sons, Inc. Before joining Seagram in 1993, she served as President and CEO of Nabisco Biscuit Company and Senior Vice President of the Nabisco Foods Group from June 1988 until April 1993.
Committee Memberships: Compensation, Environmental and Public Policy, Nominating and Governance
Other Directorships: The New York Times Company; Eli Lilly and Company; Cadbury Schweppes plc
Alan Mulally
Age: 61—Director Since: September 2006
Principal Occupation: President and Chief Executive Officer, Ford Motor Company
Recent Business Experience: Mr. Mulally was elected President and Chief Executive Officer of Ford effective September 1, 2006. Since March 2001, Mr. Mulally had been Executive Vice President of the Boeing Company and President and Chief Executive Officer of Boeing Commercial Airplanes. He was also a member of the Boeing Executive Council and served as Boeing’s senior executive in the Pacific Northwest. Prior to that time, Mr. Mulally served in a number of other executive positions within Boeing. Mr. Mulally has served as co-chair of the Washington Competitive Council, and has sat on the advisory boards of NASA, the University of Washington, the University of Kansas, the Massachusetts Institute of Technology, and the U.S. Air Force Scientific Advisory Board. He is a member of the U.S. National Academy of Engineering and a fellow of England’s Royal Academy of Engineering.
Committee Memberships: Finance
Homer A. Neal
Age: 64—Director Since: 1997
Principal Occupation: Director, ATLAS Project, Professor of Physics, Interim President Emeritus, and Vice President for Research Emeritus, University of Michigan, Ann Arbor, Michigan
Recent Business Experience: Dr. Neal is director, University of Michigan ATLAS Project, Samuel A. Goudsmit Distinguished Professor of Physics, Interim President Emeritus and Vice President for Research Emeritus at the University of Michigan. He rejoined the University as Chairman of its Physics Department in 1987, and in 1993 was named Vice President of Research. Dr. Neal served as Interim President of the University of Michigan from July 1, 1996 to February 1, 1997. He has served as a member of the U.S. National Science Board, the Advisory Board of the Oak Ridge National Laboratory, as a Trustee of the Center for Strategic and International Studies and as a member of the Board of Regents of the Smithsonian Institution. Dr. Neal currently is a member of the Board of Trustees of the Richard Lounsbery Foundation and a member of the Advisory Board for the Lawrence Berkeley National Laboratory.
Committee Memberships: Environmental and Public Policy, Finance, Nominating and Governance
Gerald L. Shaheen
Age: 63—Director Since: July 11, 2007
Principal Occupation: Group President, Caterpillar, Inc., Peoria, Illinois
Recent Business Experience: Mr. Shaheen is a group president of Caterpillar and has responsibility for the design, development, and production of Caterpillar's large construction and mining equipment, as well as the company's U.S. operations division. He is also responsible for marketing and sales operations in North America, Caterpillar's components business, and Caterpillar's research and development division. Mr. Shaheen joined Caterpillar in 1967 and has held numerous marketing and management positions both in the United States and Europe, and at one time had responsibility for Caterpillar's business in Europe, Africa, the Middle East, and the former Soviet Union. He was elected a vice president of Caterpillar with responsibility for engine marketing and administration in 1995 and assumed his current position in November 1998.
Committee Memberships: Audit, Nominating and Governance
Other Directorships: National City Corporation; AGCO Corporation
John L. Thornton
Age: 53—Director Since: 1996
Principal Occupation: Professor and Director, Global Leadership Program, Tsinghua University, Beijing, China
Recent Business Experience: Mr. Thornton retired as President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc. on June 30, 2003. Mr. Thornton was appointed to that post in 1999 and formerly served as Chairman of Goldman Sachs — Asia from 1996 to 1998. He was previously Co-Chief Executive of Goldman Sachs International, the firm’s business in Europe, the Middle East and Africa. He also is the Chairman of the Board of Trustees of the Brookings Institution.
Committee Memberships: Compensation, Finance, Nominating and Governance
Other Directorships: News Corporation; Intel, Inc.; China Netcom Group Corporation (Hong Kong) Limited; Industrial Commercial Bank of China Limited
William Clay Ford, Director Emeritus
William Clay Ford retired from the Board of Directors effective May 12, 2005, after 57 years of service. As Director Emeritus, Mr. Ford is entitled to attend Board and committee meetings and participate in discussion of matters that come before the Board or its committees, although he is not entitled to vote upon any such matters and no longer receives compensation as a non-employee Board member.
AIG's board
Stephen F. Bollenbach
Former Co-Chairman and Chief Executive Officer
Hilton Hotels Corporation
Dennis D. Dammerman
Former Vice Chairman of the Board
General Electric Company
Former Chairman
GE Capital Services
Martin S. Feldstein
Professor of Economics
Harvard University
President Emeritus
National Bureau of Economic Research
Edward M. Liddy
Chairman and Chief Executive Officer
American International Group, Inc.
George L. Miles, Jr.
President and Chief Executive Officer
WQED Multimedia
Suzanne Nora Johnson
Senior Director
Former Vice Chairman
The Goldman Sachs Group, Inc.
Morris W. Offit
Chairman
Offit Capital Advisors LLC
Founder and Former
Chief Executive Officer OFFITBANK
James F. Orr III
Chairman of the Board of Trustees
The Rockefeller Foundation
Edmund S. W. Tse
Senior Vice Chairman, Life Insurance
American International Group, Inc.
Former Co-Chairman and Chief Executive Officer
Hilton Hotels Corporation
Dennis D. Dammerman
Former Vice Chairman of the Board
General Electric Company
Former Chairman
GE Capital Services
Martin S. Feldstein
Professor of Economics
Harvard University
President Emeritus
National Bureau of Economic Research
Edward M. Liddy
Chairman and Chief Executive Officer
American International Group, Inc.
George L. Miles, Jr.
President and Chief Executive Officer
WQED Multimedia
Suzanne Nora Johnson
Senior Director
Former Vice Chairman
The Goldman Sachs Group, Inc.
Morris W. Offit
Chairman
Offit Capital Advisors LLC
Founder and Former
Chief Executive Officer OFFITBANK
James F. Orr III
Chairman of the Board of Trustees
The Rockefeller Foundation
Edmund S. W. Tse
Senior Vice Chairman, Life Insurance
American International Group, Inc.
General Motors - who ran this ship into the ground?
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,
Flagler Development Group
Director since 2002
Erroll B. Davis, Jr.
Chancellor,
University System of Georgia
Director since 2007
George M.C. Fisher
Retired Chairman
and Chief Executive Officer,
Eastman Kodak Company
Director since 1996
E. Neville Isdell
Retired Chairman and Chief Executive Officer,
The Coca-Cola Company
Director since 2008
Karen Katen
Senior Advisor,
Essex Woodlands Health Ventures
Director since 1997
Kent Kresa
Interim Non-Executive Chairman of the Board,
General Motors Corporation
Director since 2003
Philip A. Laskawy
Retired Chairman
and Chief Executive Officer,
Ernst & Young LLP
Director since 2003
Kathryn V. Marinello
Chairman
and Chief Executive Officer,
Ceridian Corporation
seg Director since 2007
Eckhard Pfeiffer
Retired President
and Chief Executive Officer,
Compaq Computer Corporation
Director since 1996
Frederick A. Henderson
President
and Chief Executive Officer,
General Motors Corporation
Director since 2009
To be fair, Frederick Henderson was only put on recently to replace Wagoner who was fired by Obama, who had to do the board's dirty work.
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,
Flagler Development Group
Director since 2002
Erroll B. Davis, Jr.
Chancellor,
University System of Georgia
Director since 2007
George M.C. Fisher
Retired Chairman
and Chief Executive Officer,
Eastman Kodak Company
Director since 1996
E. Neville Isdell
Retired Chairman and Chief Executive Officer,
The Coca-Cola Company
Director since 2008
Karen Katen
Senior Advisor,
Essex Woodlands Health Ventures
Director since 1997
Kent Kresa
Interim Non-Executive Chairman of the Board,
General Motors Corporation
Director since 2003
Philip A. Laskawy
Retired Chairman
and Chief Executive Officer,
Ernst & Young LLP
Director since 2003
Kathryn V. Marinello
Chairman
and Chief Executive Officer,
Ceridian Corporation
seg Director since 2007
Eckhard Pfeiffer
Retired President
and Chief Executive Officer,
Compaq Computer Corporation
Director since 1996
Frederick A. Henderson
President
and Chief Executive Officer,
General Motors Corporation
Director since 2009
To be fair, Frederick Henderson was only put on recently to replace Wagoner who was fired by Obama, who had to do the board's dirty work.
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