Management Turnover as Change Agent

Monday, May 7, 2007

Is a New CEO Evolving?

Alan Murray, the well-known Wall Street Journal columnist as well Liberum think so. Recently Murray published a new book entitled, Revolt in the Boardroom published by Harper Collins. Murray, who seems to be in agreement with Liberum Research contends that CEOs and boards are more and more being forced to alter their roles as a consequence of previous corporate scandals (Enron), increased pressures for greater corporate governance (Boeing), a growth in the independent power of corporate boards (HP) as well as outside pressures from activist shareholders (Home Depot).

The book is worth a read. It can be useful to investors in understanding the changing roles of CEOs and corporate boards and what those changes might mean mean from an investment perspective.

For more:

Watch Revolt in the Boardroom video clip on CNBC
After the Revolt, Creating a New CEO - WSJ (subscription)
Cornered in the Corner Office - Businessweek

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