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Living the CEO Afterlife

In the CEO Afterlife

He was 62, a golden parachute strapped to his back, but no hobbies or interests beyond business. Some find happiness pursuing interests that evaded them during the demanding years in the C-suite. At one time I worked for a hard-driving fellow who was pushed out of the corporate cockpit.

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How IBM's Sam Palmisano Redefined the Global Corporation

Harvard Business Review

They are innovating in ways that create virtuous circles for a generation or more." In 2009 he called off the $7 billion acquisition of Sun Microsystems in part due to Sun's egregious golden parachutes. Forward-thinking leaders are not just achieving measurable success in the short-term.

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Income Inequality Is a Sustainability Issue

Harvard Business Review

As an example, last March, 68% of Swiss voters approved a measure giving shareholders the right to block executive and Board pay packages, outlawing “golden parachutes,” and increasing transparency regarding loans and retirement packages, according to the Wall Street Journal. Yes, Switzerland. But it also involves speaking out.

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Stop Making CEO Pay a Political Issue

Harvard Business Review

We have also seen innovation in other dimensions of pay that are more important than ratios – for example, the lengthening of vesting horizons (to encourage the CEO to think for the long term) and paying executives with debt rather than just equity (to dissuade excessive risk-taking).

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