TURNOVERA new feature of this year's Route to the Top survey is a profile of CEO turnover, analyzing replacement among the S&P 500's chief executives. At first glance, the 2004 statistics don't suggest an unusual amount of tumult: Only 13 percent...
Bose says it's been able to innovate better than public companies. BY HERBERT SHULDINERScreeching tires are not the cool sounds you would expect to hear in the Bose Corp. parking lot in Framingham, Mass. The company known for the music that pours from...
More than just a policy, getting true diversity is about execution.Eugene McGrath is chairman and chief executive of Con Edison. One might assume, with one of the most diverse candidate pools in its backyard, Con Edison wouldn't need to work much at...
GLOBALLIU CHUANZHI, chairman of Lenovo, clearly recalls his early tentative dealings with IBM in 1985.Liu and a small group of researchers from the Chinese Academy of Sciences had only the year before plunged into business and wanted to sell foreign...
WE'RE ALL GROWING IMMUNE TO LARGE ROUND NUMBERS. BY JOE QUEENANA study commissioned by the Business Software Alliance estimates that the annual losses from global software piracy are in the neighborhood of $29 billion. This is quite a staggering figure,...
Eliot Spitzer's 'Crusade'I practically had to wipe a tear from my eye after reading your December editorial ("Spitzer's Climate of Fear," Final Word). As a CEO, I didn't know that my peers were being stalked by an avenging, self-righteous, career-stepping...
CEOs are learning how to manage their CIOs.Remember how a simple technology called the Universal Product Code, the zebra stripe labels now affixed to just about every product and package, powerfully streamlined the distribution and sale of goods? FedEx...
Capturing technology to spur top-line growth. BY RUSS MITCHELLOnce upon a time, achieving top-line growth was relatively simple. "Back in the late '90s and even 2000, growth was everywhere," recalls Pat Russo, CEO of Lucent Technologies. "Yon could place...
Computerizing patient records would yield huge savings, but the industry is slow to take it up. What's a CEO to do? Plenty, as it turns out. BY ERIK SHERMANWhen George C. Halvorson thought he had a bone spur in his shoulder, he went to Kaiser Permanente...
CEO CONFIDENCE INDEXCHIEF EXECUTIVES were buoyed by President Bush's re-election. But now that the burst of excitement is over and the serious work of governing is at hand, CEOs seem to be in a waiting and watching frame of mind.Overall CEO Confidence...
PROPER BEHAVIOR MUST BE DEFINED AND MEASURED.If you as a CEO truly believe that integrity matters, you should hold your people accountable for it. That means you must define what integrity means for your business in behavioral terms, measure it and then...
The debate about the dollar is almost like a religious argument-the subject is so unknowable that we can argue only on the basis of blind conviction. With that caveat, here is my view: It's a mistake to allow the dollar's decline to continue, and perhaps...
EDITORIALSTHE EVIDENCE is now overwhelming that Sarbanes-Oxley has gone too far. Enacted in a moment of urgency in 2002, following the meltdowns at Enron and WorldCom, the legislation was perhaps necessary at the time. But even Rep. Michael Oxley, Republican...
Most Western CEOs have yet to discover the nation's imminent spending boom.For centuries, Japan's elderly have obeyed the societal dictum "When one gets old, be of service to one's children" and surrendered their life savings to sons and daughters as...
Urgent action is necessary for the U.S. to maintain its muscle.Gary Cowger, president of General Motors North America, argues that manufacturing is in trouble-and that's bad for the overall economy. Here are excerpts from his remarks:* "For every dollar...
TO PROSPER, EUROPE AND THE U.S. NEED EACH OTHER.Recent global political upheaval lias prompted the leaders of Europe and the United States to focus on the tremendous significance of the Transatlantic Alliance. The nature of America's relationship with...
Buoyed by billions of dollars in new funding, NGOs are increasingly on CEO radar screens. Are they new pests or constructive partners? BY BILL BIRCHARDWhen the world's biggest cement maker, Paris-based Lafarge, wanted advice on how to improve its environmental...
How Sir John Rose saved Rolls-Royce's business from the post-9/11 abyss. BY RICHARD HELLERRolls-Royce CEO Sir John Rose likes to quote Warren Buffett's aphorism "When the tide goes out, you can see who's wearing a bathing suit." Buffett's observation,...
Beach house? They'll take a Big Sky ranch.When David Leuschen describes his Montana ranch, it sounds as if he's exaggerating. He owns about 200,000 acres of snow-covered peaks and gaping canyons outside Yellowstone National Park and runs 2,000 head of...
With the demands of the job intensifying, it's a tough slog to the top-and even to stay there. BY JOAN WARNERMichael Jordan can still make nonscientific heads spin by describing his Ph.D. thesis. The chief executive of the technology and logistics giant...
SURVEYCORPORATE LEADERS find a dramatic difference in business conditions among the 50 U.S. states and the District of Columbia on the basis of tax rates, regulatory environments, growth rates, work force attitudes and quality of life issues.By far,...
Here's how to minimize its impact on your heirs. BY JENNIFER PELLETThink the Republican sweep at the polls spells a swift demise for the so-called death tax? Think again. While President Bush is pushing for a permanent repeal of the estate tax, financial...
CEOS WHO ARE at the very heart of deterring terrorism have a simple request to the feds: Tell us who the bad guys are. Larry Johnston of Albertsons is worried about the security of the global food supply system. He has 237,000 employees and turnover...
Former Microsoft and P&G exec Robert J. Herbold shares secrets on how to bust up bureaucracies.When I arrived at Microsoft in 1994 as chief operating officer, I discovered that the company had great trouble closing its books at the end of every quarter....
Joel Klein, at the frontier of schools reform in New York, urges CEOs to lobby Washington on behalf of public education. BY PAUL ROGERSAs U.S. companies struggle to compete in the global marketplace, many find themselves at a fundamental disadvantage:...
Global forces are transforming the U.S. economy. Wise policyl will be essential to maintain competitiveness.The U.S. economy is poised at a particularly historic crossroads: huge competitive pressures and global financial imbalances are buffeting it...
Can CEOs turn up the heat on Washington for solutions? BY RUSS MITCHELLWhen chief executives say that something strikes fear in their hearts, chances are they're talking about something truly awesome. And what is scaring CEOs these days? The nation's...
It was meant to help, but Sarbox is wreaking havoc on the bottom line. Will CEOs take it laying down-or push back?To the architects of the Sarbanes-Oxley Act, the sweeping reform was a quick cure-all for what was ailing Corporate America's moral structure....
With its new A6, Audi earns full luxury status.It seems hard to imagine, but less than 20 years ago Audi made middle-class automobiles of doubtful reliability. They were known in Europe as "burgher cars": good enough for small-town businessmen, better...