Word: ceos
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...pretty much take care of itself." After establishing himself as a Johnny wannabe, the glockenspiel- jawed comic was offered other talk-show slots, but, he says, "I wisely turned them down. To me, this is the only job in television. I'm kind of coming in as the new CEO. You don't really own it, you just hold it and try not to drop the ball when you hand it to the next guy. I like the history of The Tonight Show, being able to look back over the years and think, gee! Steve Allen! Jack Paar! Johnny Carson...
Speculation has centered on several names, including incoming President and CEO of the Massachusetts Higher Education Finance Group Daniel S. Cheever Jr. '64, Stanford School of Education Dean Marshall S. Smith '59, former Ed School Associate Dean Jerome T. Murphy, former Berkeley School of Education Dean Bernard R. Gifford and Professor of Education and Urban Studies Charles V. Willie, sources...
...virtue in Schwarzkopf's mystery is that the general can be anything to anybody. Corporations look at him and see a take-charge CEO; universities envision a powerhouse chancellor; publishers perceive the author of a best- selling book. Above all, much of the public is enraptured by a new leader whose very appeal is that he has no platform, no party and no intention, at least so far, of running for office. Such political virginity lets people believe that Schwarzkopf, in his big, bold way, could do the heavy work of democracy without being chewed into small pieces...
Directors may lack the gumption to cut salaries and cash bonuses, but the luxuriant stock grants they hand out to top executives should provide strong incentives to improve a company's health. Sometimes it works. Walt Disney CEO Michael Eisner, for example, has become one of the world's highest paid executives partly through massive stock options. As Disney's share price has risen, from a split-adjusted value of $14 in 1984, when Eisner took over, to $120.75 recently, Eisner's wealth has exploded. But with stock appreciation like that, you won't hear many shareholders complaining...
...belief that stock incentives will inspire CEOs to drive companies to ; greater heights is widely held. Stock awards to CEOs fall into three broad categories. Stock options give the executive the right to buy shares at some future date for a fixed price, generally the share price on the day the stock is granted. Restricted stock is free and can be collected after the CEO stays in office for a certain period of time, typically five years, regardless of his results. Performance shares are similar to restricted stock, but the awards are linked to how well the company does rather...