Too much attention is paid, in my view, to the identity of the Chairman relative to the board's mandate and operating procedures.
The Federal Reserve chairmanship is attractive not only because the Fed plays an integral role in the global financial system, but because Chairman Greenspan has been so effective in building the Fed as an institution.
As
chairman of the House Ways and Means Committee, he wields considerable influence over all tax issues.
This process started several years ago, Bill explains, with Jim Clark, FEI's
chairman for 1994-95, who openly addressed some tough issues facing FEI.
The process of finding the new
chairman of the FASB is organized and directed by the FAF's eight-member selection committee, which I chair.
It certainly would have been comforting to Viacom shareholders to know that a strong board was riding shotgun to a
chairman bent on obtaining the prize.
From 1981 to 1986, Republican Mark Hatfield was
chairman of the Senate committee responsible for the appropriations for 15 other departments, the Congress, the courts, and at least 30 independent agencies.
All things being equal, which they never are, I think the CEO should usually be the
chairman as well.
Zimmerman, following his election as Federated's next
chairman and chief executive officer, said: "This is a tremendous company and a tremendous opportunity, to which I will dedicate myself totally as
chairman and CEO.
Tauscher,
chairman and chief executive officer; Jeffrey S.
Bernard Arnault,
Chairman of LVMH (the owner of Phillips), said: "I am delighted that Simon de Pury and Daniella Luxembourg have agreed to join Phillips and to merge their own business with the company.
Gardner comments, "I am honored to serve as the
chairman of the board of the Getty Trust--an institution that plays a leadership role in enhancing the understanding and support of the visual arts worldwide.
