Posts Tagged ‘ceo’

CEO Chooses Wildlife Photography and Philanthropy Over Retirement

Over the course of his 40+ year business career, Brian Hampton took the lead as CEO of 5 successful companies. Through it all, however, he had a passion for photography that never waned. And so, now that he’s retired from the business world and has time to spend pursuing that passion, he’s turned what was once a hobby into an incredibly successful wildlife photography career — as long as you don’t equate making money with success. Read more…

Yahoo’s Marissa Mayer Starts Putting Her Photos Where Her Money and Mouth Are

mayerflickrac

When it comes to the Marissa Mayer/Yahoo!/Flickr love triangle, a little timeline of events is always helpful. So first we had Marissa Mayer, Google’s 20th employee, take over as CEO of Yahoo! after several other people over the course of 12 months just couldn’t cut it. It was around that time that the #dearmarissamayer movement began, with the message “Please Make Flickr Awesome Again” at the top of its list.
Read more…

Kodak CEO Antonio Perez “Prioritizes His Compensation Even Amid Bankruptcy”

Respected stock market analysis website Seeking Alpha doesn’t think too highly of the way Kodak CEO Antonio M. Perez is leading the beleaguered photo company:

It would not be the first time that Mr. Perez, who became CEO of Kodak in 2005, has attempted to receive a large payment for his services to the detriment of his company. We had concerns about Kodak’s compensation policies in May 2010, when we noted practices such as Mr. Perez’s having amended (for the fourth time) his initial employment agreement and received an ad hoc award of 500,000 stock options at a low exercise price of $4.54 in October 2009 for “retention purposes.” Although Mr. Perez’s compensation decreased by around 55% year over year to $5.7 million in 2010, it remained grossly disproportionate compared to those of his subordinates, given that the median pay for Kodak’s other named executive officers was only $1.1 million. This suggests that Mr. Perez’s board – which he also chairs – allowed him so much freedom that he was able to prioritize his own interest ahead of his staff, customers and investors.

Earlier this month, Kodak was given permission to stop providing health and welfare benefits to tens of thousands of retirees. The move came just months after the company asked for permission to hand out $13.5 million in bonuses to 300 executives and employees.

Kodak’s CEO Prioritizes His Compensation Even Amid Bankruptcy [Seeking Alpha]

Olympus Fires CEO, Stock Takes Tumble

Olympus fired CEO and President Michael Woodford today, causing the company’s stock price to take a 17% dive. The 51-year-old Briton was accused by the board of ignoring the management culture that the firm has had in place for 92 years. Chairman Tsuyoshi Kikukawa (who replaces Woodford) says,

We hoped that he could do things that would be difficult for a Japanese executive to do, but he was not able to understand that we needed to reflect the management style we have built up since the company was established 92 years ago, as well as Japanese culture.

The “difficult things” included ambitious cost-cutting plans, which proved to be successful in the company’s European division. Woodford had a habit of ignoring the management structure of the company by giving direct orders to employees rather than the leadership of the different units. While Olympus is known in the consumer electronics industry for its digital cameras, it’s medical equipment that keeps the company afloat — the Olympus camera division lost 15 billion yen (~$195 million) in the year to March 2011.

Olympus fires British CEO, a self-confessed loud-mouth [Reuters]