Tag: Corporate Governance

Google and Ascension Act Brazenly with Patient Medical Records

Google and Ascension Act Brazenly with Patient Medical Records

Unbelievable. I was always of the belief that patients/consumers would soon port their medical records to the cloud. It is outrageous that Google and Ascension acted on patient medical records without patient permission. Google CEO Sundar Pichai and Ascension CEO Joseph Impicciche ought to step down. Commandeering medical records makes a mockery of privacy law. … Continue reading Google and Ascension Act Brazenly with Patient Medical Records

Advertisements
Polaroid Day & “Polavision” Instant Video

Polaroid Day & “Polavision” Instant Video

We attended Polaroid Day at MIT Museum this weekend and were reminded of the genius of Edwin Land, co-founder of the Polaroid Corporation. "Like visiting a shrine" is how Apple co-founder Steve Jobs described meeting Land. Polaroid's Board did a great disservice to Land and his company. Film Forever Polaroid's original instant camera - 1947's … Continue reading Polaroid Day & “Polavision” Instant Video

CyberSecurity Should Be A CEO and Board-level Priority

CyberSecurity Should Be A CEO and Board-level Priority

Fortune 500 real estate title insurer First American Financial Corp. (ticker: FAF) leaked hundreds of millions of documents related to mortgage transactions dating back to 2003. CEOs and Boards Need to Make CyberSecurity A Top Priority We have previously taken the position on our podcast and in this newsletter that CyberSecurity is a C-level/ Board-level … Continue reading CyberSecurity Should Be A CEO and Board-level Priority

Tesla’s $2.3 Billion CEO Compensation Package

Tesla’s $2.3 Billion CEO Compensation Package

Tesla CEO Elon Musk's $2.3 Billion compensation package is an example of poor corporate governance and a self-serving Board (ACCESS Our Commentary HERE). For examples of how to run a business well and fairly compensate CEOs for performance - look no further than CoStar (tkr: CSGP) and SS&C (tkr: SSNC). Our CSGP and SSNC data … Continue reading Tesla’s $2.3 Billion CEO Compensation Package

CEO – Executive Team – Board (“CEB”) Alignment<span class="badge-status" style="background:red">Premium</span> 

CEO – Executive Team – Board (“CEB”) AlignmentPremium 

CEO tenure is getting shorter and we believe a primary cause is less than optimal alignment between CEOs, Executive Team members and Corporate Boards. Alignment Scale Exercise On a scale of 1-10 (10 is best) where would you rate the level of alignment between yourself and your direct reports? Between yourself and your Board of Directors?You may … Continue reading CEO – Executive Team – Board (“CEB”) AlignmentPremium 

Predicting CEO Actions and Financial Outcomes Based On CEO Personality<span class="badge-status" style="background:red">Premium</span> 

Predicting CEO Actions and Financial Outcomes Based On CEO PersonalityPremium 

Could we have predicted that Elon Musk's restlessness would have led to his founding of (SpaceX) even though he more than had his hands full with Tesla? How about his latest company - "The Boring Company" - could its founding have been predicted? The answer is "maybe". Are we surprised by Musk's emotionless approach to … Continue reading Predicting CEO Actions and Financial Outcomes Based On CEO PersonalityPremium 

Boards: Perform Due Diligence on CEO Candidates Upfront. GE Is Still Cleaning Up Its Mess.<span class="badge-status" style="background:red">Premium</span> 

Boards: Perform Due Diligence on CEO Candidates Upfront. GE Is Still Cleaning Up Its Mess.Premium 

I’m puzzled by the mess that is GE. The Company recently removed former CEO John Flannery after only 14 months at the helm only to replace him with a Board member (Larry Culp). I was a fan of Flannery’s effort to decentralize operations and to divest non-strategic businesses. However, I did not agree with all … Continue reading Boards: Perform Due Diligence on CEO Candidates Upfront. GE Is Still Cleaning Up Its Mess.Premium 

CEOs Must Be Intellectually Engaged to Remain in the Chair<span class="badge-status" style="background:red">Premium</span> 

CEOs Must Be Intellectually Engaged to Remain in the ChairPremium 

"CEO Tenure Is Getting Shorter.." the Wall Street Journal writes. Research indicates that the optimal tenure is 4.8 years. Median CEO tenure at large cap companies was five years in 2017, one year less than the median in 2013 (Equilar). To quote the article, "Xueming Luo, professor at Temple University’s Fox School of Business and … Continue reading CEOs Must Be Intellectually Engaged to Remain in the ChairPremium 

Successful CEOs Share These Six Attributes (hint: Communication is Key)

Successful CEOs Share These Six Attributes (hint: Communication is Key)

Successful CEOs possess each of the attributes described below. This is an unscientific analysis based upon my prior experience covering and acquiring companies (equity research analyst; M&A executive) as well as my current role as founder of CEORater. It is important to recognize that while these attributes are qualitative in nature they do impact the … Continue reading Successful CEOs Share These Six Attributes (hint: Communication is Key)

Centralized Operating Models Don’t Work. Even for The Narcissist CEO.<span class="badge-status" style="background:red">Premium</span> 

Centralized Operating Models Don’t Work. Even for The Narcissist CEO.Premium 

To Centralize is to Oppress This article focuses on centralized business models and why they don't work. Ben is our anti-hero who learns this lesson the hard way. We Detest Centralized Business Models for Several Reasons: 1.) The centralized model assumes that corporate headquarters knows best. Could there be a more arrogant assumption? For any … Continue reading Centralized Operating Models Don’t Work. Even for The Narcissist CEO.Premium