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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[CEOs: how long does it take to prove a chief's worth?]]></title><link>http://www.bloggingstocks.com/2006/09/26/ceos-how-long-does-it-take-to-prove-a-chiefs-worth/</link><guid isPermaLink="true">http://www.bloggingstocks.com/2006/09/26/ceos-how-long-does-it-take-to-prove-a-chiefs-worth/</guid><comments>http://www.bloggingstocks.com/2006/09/26/ceos-how-long-does-it-take-to-prove-a-chiefs-worth/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://www.bloggingstocks.com/category/management/" rel="tag">Management</a>, <a href="http://www.bloggingstocks.com/category/insiders/" rel="tag">Insiders</a>, <a href="http://www.bloggingstocks.com/category/rants-and-raves/" rel="tag">Rants and Raves</a>, <a href="http://www.bloggingstocks.com/category/f/" rel="tag">Ford Motor (F)</a></p><p>Bill <a href="http://www.bloggingstocks.com/2006/09/05/ford-to-lead-ford-no-longer/">Ford was booted</a> after five years heading up Ford Motor Corporation (NYSE:F). Bristol Myers Squibb Co. (NYSE:BMY)<a href="http://www.bloggingstocks.com/2006/09/12/bristol-myers-ceo-fired-effective-immediately/">ousted CEO Peter Dolan only a few days later</a>; his tenure was also five years. Around the same time, it was announced that PepsiCo, Inc. (NYSE:PEP) <a href="http://pep.bloggingstocks.com/2006/08/14/pepsi-names-new-ceo-in-a-coup-for-women-cfos/">CEO Steven Reinemund was stepping down to be replaced by up-and-comer Indra Nooyi</a>. His time in the boardroom? Also five years. <a href="http://www.bloggingstocks.com/2006/09/19/revlon-ousts-ceo/">Jack Stahl was ousted as Revlon, Inc. (NYSE:REV) CEO</a> after ... four-and-a-half years last Monday.</p>
<p>I think I see a pattern. If you're not cutting the cheese (and how) after the end of the fourth annual report under your tutelage, well then, it stands to reason you'll be shown the door. Or, ahem, suddenly find yourself needing to "spend more time with your family."</p>
<p>Michael Dell follows that pattern. Recently, he was faced with criticisms for his successor as CEO of Dell Inc. (NASDAQ:DELL), Kevin Rollins. Rollins' time at the helm? A bit more than two years. It's not enough, Dell said, and <a href="http://www.bloggingstocks.com/2006/09/14/michael-dell-reaffirms-support-for-ceo-kevin-rollins/">affirmed his support </a>for his long-time right-hand man. Dell's troubles, he said, were not yet attributable to him. </p>
<p>Sumner Redstone, though, <a href="http://www.bloggingstocks.com/2006/09/05/viacom-ceo-resigns-industry-veteran-named-as-successor/">gave Viacom, Inc. (NYSE:VIA) CEO Tom Freston</a> only eight months. In a move that affirmed Redstone's "eccentricity" (which in this context is a nice way of saying "impetuous" or "hot-tempered"), Mssr. Redstone <a href="http://www.bloggingstocks.com/2006/09/07/was-freston-viacoms-fall-guy/">blamed all his company's troubles</a> on a man who'd only been CEO for less than a year ... hardly enough, you'd think, to evaluate his performance (or for his leadership to have any real impact on the company's stock price).</p>
<p>Is five years enough? Too much? Too little?</p><p><a href="http://www.bloggingstocks.com/2006/09/26/ceos-how-long-does-it-take-to-prove-a-chiefs-worth/" rel="bookmark">Continue reading <em>CEOs: how long does it take to prove a chief's worth?</em></a></p><p style="padding:5px;background:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.bloggingstocks.com/2006/09/26/ceos-how-long-does-it-take-to-prove-a-chiefs-worth/">CEOs: how long does it take to prove a chief's worth?</a> originally appeared on <a href="http://www.bloggingstocks.com">BloggingStocks</a> on Tue, 26 Sep 2006 10:05:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.bloggingstocks.com/2006/09/26/ceos-how-long-does-it-take-to-prove-a-chiefs-worth/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/forward/664260/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.bloggingstocks.com/2006/09/26/ceos-how-long-does-it-take-to-prove-a-chiefs-worth/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>bill ford</category><category>bill ford jr.</category><category>BillFord</category><category>BillFordJr.</category><category>board members</category><category>BoardMembers</category><category>ceo</category><category>ceos</category><category>chief executive</category><category>chief executive officer</category><category>ChiefExecutive</category><category>ChiefExecutiveOfficer</category><category>corporate officers</category><category>CorporateOfficers</category><category>ford</category><category>management</category><category>officers</category><category>thomas preston</category><category>ThomasPreston</category><category>tom preston</category><category>TomPreston</category><category>william ford jr.</category><category>WilliamFordJr.</category><dc:creator><![CDATA[Sarah Gilbert]]></dc:creator><pubDate>Tue, 26 Sep 2006 10:05:00 EST</pubDate></item></channel></rss>
