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CEO Disease Symptoms

Coaching Tip

" CEOs often hear what they want to hear rather than what really is on the minds of their subordinates," said Mark Anderson, president of ExecuNet, that conducted a survey of 2,463 C-level respondents in December 2010. CEOs think of guiding the ship as their purview.".

CEO 115
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Deadly Disease of Management: Emphasis on Short-term Profits

Deming Institute

Thomas Johnson and Anders Broms, the authors provide many good thoughts on the problems of accounting measures and management. At Berkshire, managers can focus on running their businesses: They are not subjected to meetings at headquarters nor financing worries nor Wall Street harassment. In Profit Beyond Measure by H.

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Stop Budgeting, Start Improving

Harvard Business Review

Consider ThedaCare , a healthcare system in Wisconsin, which eliminated its budgeting process in 2010. According to ThedaCare's chief financial officer, Tim Olson , top management viewed it as a significant waste of time. Managers no longer have to collect 7,000 lines of budget data.

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Carlos Ghosn, Nissan, and the Need for Stronger Corporate Governance in Japan

Harvard Business Review

As one accountant based in Japan during 2010, explained , “there was a big rush of inquiries about schemes that might be used either to split out salaries or defer part of it.” As a result, when making close calls on the company’s financial reports, that auditor may be too deferential to Nissan management.

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An Activist Investor Lands in Your Boardroom — Now What?

Harvard Business Review

Contrary to the adverse experience of some governing boards, activist investors can actually prove to be a leadership asset on the board rather than a disruptive force—providing the boardroom is well-managed and led. Brown conducted the due diligence required of a director candidate. A partner with ValueAct, Bradley E.

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An Insider’s Account of the Yahoo-Alibaba Deal

Harvard Business Review

In May of 2005, Yahoo CEO Terry Semel, cofounder Jerry Yang, corporate development executive Toby Coppel, and I — I was then chief financial officer of the Silicon Valley internet company — went on what would turn out to be a fateful trip to China. The company was owned by management, venture capitalists, and SoftBank.

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Why Sit on All that Cash? Firms Uncertain on Cost of Capital

Harvard Business Review

AFP conducted the Cost of Capital Survey in October 2010 and received answers from 309 chief financial officers, treasurers, vice presidents-finance, and assistant treasurers. Their answers revealed that calculating the cost of capital today is an art, not a science.