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Higher Education Challenged by Succession Planning
ACE study details concern over current Higher Education succession planning
According to an American Council on Education study, nearly half of the Presidents and Chancellors at US and European Colleges and Universities are quickly approaching retirement age. In fact nearly 50% are already age 61 or older.
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What's Important from an Executive Search Firm?
Study details what clients deem most important from its executive search firms
The Association of Executive Search Consultants (AESC) is the worldwide professional association for the retained executive search industry. In 2006, the AESC surveyed 157 executives who are clients of executive
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Strong Link Between Pay and Performance
Watson Wyatt Study Suggests Strong Link Between CEO Pay and Performance
Executives at financially high-performing companies are realizing greater compensation than their counterparts at under-performing companies, suggesting that corporate America's executive pay-for-performance model is
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The Corporate Board of Today - A Board Search Primer
The Current Business Climate- A Need for Competence and Independence
Sarbanes-Oxley Act has increased attention being placed on Corporate Governance. One of greatest challenge organizations face today is building a Board of individuals who are both competent as well as considered independent.
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A CEO Succession Planning Primer
In today's corporate world succession planning must be driven by strategy. Succession planning is not just about picking the next CEO. Nor is it merely about picking a talented executive. It is about creating a ''fit'' between what the company must do strategically and the person who can best implement
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CEO Compensation Continues to Rise
According to Pearl Meyer, compensation for Chief Executives of major U.S. companies rose 10% to a median of $8.4 million in 2005, according to the survey of 200 public industrial and service companies. Growth in executive pay paralleled a 15% increase in net income and a 6% rise in total shareholder
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Board Pay Surges 14% at Large Companies
Board compensation continues to soar at large companies. According to a Steven Hall & Partners study, median total pay for independent directors at the largest 500 US companies increased 14% last year from $162,363 to $185,000.
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CEO Turnover Sets Record
September 2006 - Many CFOs lost their strategic partner last month as a record 152 CEOs left their positions, breaking the prior of record of 148 set in May, according to Challenger, Gray & Christmas, an outplacement firm. The September record works out to 7.6 CEO exits per business day.
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Dramatic Difference in CEO Pay By Company Size
Median total compensation in 2005 — the last full calendar year for which data is available — was $16.8 million for the CEOs at the 27 largest companies in the United States, where annual revenues exceed $50 billion. This compensation was five times greater than the median of $3.2 million for the CEOs
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