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1. | Jul 9, 2014
.View Full ImageCEOREDUXScott Lewis for The Wall Street JournalAnne Stevens is among a growing numebr of job-hunting former CEOs.CEOREDUXCEOREDUXNo one knows how many out-of-work CEOs are looking for corner office suites, but recruiters say their numebrs are growing. Fewer big businesses are switching bosses these days and mergers and bankruptcies have further reduced their job prospects. Only 48 companies in the S&P 500 index changed leaders last year, the lowest level since recruiters Spencer Stuart began tracking it in 2004.Replacement of big-business CEOs picked up in the second quarter, according to Spencer Stuart. But it will take more than a slight gain to find good homes for every unemployed chief. Just two of 13 major corporations switching leaders in the latest quarter chose an outsider.Some boards are loath to change chiefs during economic turbulence, and the choppy recovery so far hasn't sufficiently heartened boards, recruiters say.Big-company mergers have eliminated dozens of senior management jobs, too. Jonathan Schwartz, the former chief at Sun Microsystems, now owned by Oracle Corp., and Todd Stitzer at Cadbury, now owned by Kraft Foods Inc. are among those hoping to be CEOs elsewhere. Mr. Stitzer says he has flirted with several mid-sized U.S. concerns about taking their helm. We have a much higher flow of former CEOs than we have seen in many years looking for a position again at the CEO level, says James G. Aslaksen, a senior client partner for recruiters Korn/Ferry International. He finds these job hunts can now last 18 months, up from no more than a year in 2005. Among major corporations, however, the [CEO] opportunity pool is fairly small, adds Dennis Carey, also of Korn/Ferry.Smaller companies have started to look for new CEOs again, recruiters report. But many former corporate chiefs want another big-company post.Carlos Gutierrez, a former Kellogg Co. CEO who resigned as U.S. Commerce secretary early last year, desires to run a public company with at least $14 billion in annual revenue. He says he's spurned feelers about running concerns that he felt were too small, headquartered abroad or privately owned.Chiefs with controversies on their resumes face high hurdles. Mike Zafirovski left Nortel Networks Corp. last August amid a dismantling of the fallen technology giant following a bankruptcy-court filing. He prefers to lead another large business and has prepared a detailed, two-page chart of his career financial-feats, according to someone familiar with the matter.Mr. Zafirovski spent more than three years trying to turn Nortel around, but critics say he didn't move fast enough. Its bankruptcy hurts his job hunt, according to recruiters.Ms. Stevens, now 61, was a first-time CEO when Carpenter, a developer and maker of specialty alloys, hired her in November 2006. The nursing-school dropout had received her engineering degree at age 30. She spent a decade working for Exxon Corp., then joined Ford as a business planner in 1990.She eventually advanced to chief operating officer for the Americas, overseeing more than $75 billion in annual revenue. That made Ms. Stevens the highest ranked woman in the U.S. automotive industry.She managed the Detroit auto maker's tricky vehicle recalls and plant shutdowns following the turmoil after September 11, 2001. Bill Ford Jr., Ford's executive chairman and previous CEO, says Ms. Stevens played a key role in crafting a North American turnaround plan.Ms. Stevens even aspired to run Ford. Once she turned 57, however, age was running against me, she recalls. To go for my dream, I had to leave. So eager was she to be a CEO that she took the first helm offered—at Carpenter. Its headquarters in her hometown of Reading, Pa., made the job even more appealing. As a result, she says, she didn't probe deep enough into its boardroom personalities, customers, products and operations. I didn't realize how much [Carpenter] lacked structure and systems, Ms. Stevens says. If I knew then what I know now, I would have never taken the job. Carpenter achieved record results during her first two years, as Ms. Stevens sold assets, enlarged melting facilities and shook up senior management. But profits and sales slipped in the fiscal year ended June 2009.Ms. Stevens says she found it difficult to build a close relationship with fellow directors. The stressful situation often woke her up at night. Board members opposed her strategy to expand the company during the downturn, she remembers. In summer 2009, the board stripped her of the chairman's title. She soon quit.Splitting the top roles was an emerging practice, says Gregory Pratt, an outside director who now is chairman. Board members appreciate the improvements she made in Carpenter's business and she was an excellent CEO, Mr. Pratt adds. He says Ms. Stevens never told him she had significant concerns about board communications.As she seeks work in the U.S. or abroad, Ms. Stevens is getting assistance from Mr. Aslaksen and his colleagues. Boards needing a new chief often value a battle-tested executive like Ms. Stevens, suggests Mr. Carey, a Korn/Ferry vice chairman.Ms. Stevens has also approached private-equity firms about leading a small portfolio company.Despite her search, Ms. Stevens has yet to score any face-to-face interviews. It is going to be a challenge for Ms. Stevens to find another CEO post because the huge supply of potential chiefs enables boards to overlook anyone who has any taint of controversy, says Judith von Seldeneck, head of Diversified Search Odgers Berndtson.The unemployed chief executive keeps busy serving on the Lockheed Martin board, caring for a sick friend – and knitting afghans.Yet Ms. Stevens was so sure her next corner office would require relocation that she put her French country-style home up for sale in November. I don't need a house that big, she observes. I used the house a lot for entertaining while I was CEO.
2. | Jun 28, 2014
the bill that was about jobs, jobs, jobs has turned into a bill that's about spndnieg, spndnieg, spndnieg. The House vote was he House vote was 246-183, with all Republicans opposed, and only three GOP Senators voted for it.People will Remember come November, that the Stimuls Bill was all about unemployment benefits, food stamps, medical care and billions for the states to offset cuts they might otherwise have to make in aid to schools and local governments to keep the entitlement class going.
3. | Apr 2, 2014
children shouldn't smoke pot, and that it's an adult aciittvy. You attempted to portray prohibition as somehow protecting children, when ALL reformers know it harms them.>>> In the face of my 2 year old articles I’ve written You really should try quitting resting on your laurels. The only thing I had to judge by was what you were saying mostly prohibitionist arguments. If you want to stop being seen in that light, stop making their case.>>> crying for legalization and those here who say I’m not a prohibitionist you’re still stupid enough to try and make me out to be a prohibitionist because thats your only link to having an argument.>>> its not “ABSOLUTELY” safe. Period Okay. Let's try to make some progress here. We'll let it slide on who began it, and I'll AGREE with you! Marijuana is not absolutely safe. Smoking it can cause minor irritation to the lungs, and newbies can get into trouble if they go out driving after they take their first tokes.Happy?
4. | Mar 31, 2014
that people like me eqatue marijuana to alcohol.Hes a punk, the kind of disengenuous full of crap people that I have no tolerance for.To have your opinion is one thing. But to base your argument on accusations and falsehoods stated as fact that you cannot prove is just plain sleazyHe lies, hes an opportunist in that he demeans the sources that argue his point and supports that same source when it makes his point.He promotes the cause on stupid statements such as pot to be ABSOLUTELY safe and that there are none of the obvious problems seen with pot to worry about.He reminds me of when Ahmajinedad stood in front of the world and said that they have no gays in Iran, his country does not have this problem .Makes me just wanna run up to the podium and b*tch slap the punk.My potty mouth was nothing compared to the insulting nature of his premise.When some refuses to acknowledge posts of mine declaring my position that are time stamped and years old and instead base his argument on a charcterization of me that he pulled out his rump that person is not to be trusted What I find interesting is that the same crowd that voted for pot also voted down gay marriage
5. | Dec 20, 2013
We are a family of four, foelanutrty bilingual, and we're planning our escape for the end of this year. Sometimes i think that although i was raised to love and praise my country whenever and wherever i had the opportunity, my country has failed me more than anybody else... It saddens me to say this but Greece is an amazing place just for island hopping! Thank you for this wonderful post. I had to miss the debate... Is there anywhere we can find it on line?
6. | Dec 19, 2013
Interesting observations Ian.I'm not sure if it's a seatne seat Christy's after or an appointment to the Toronto Police Board.On the other hand, maybe she's just looking for a job at SunMedia..As Andrew Coyne put it: Rather be found naked in a massage studio than be caught working for SunMedia'.On the other hand, she may simply be planning a move into civic politics you'd think Rob Ford could find her a job wouldn't you?The Globe is a joke I think I may just cancel my subscription .
7. | Jul 14, 2013
Yuck ! What you describe from Hershey Lodge is NOT a greilld cheese. It's an Apple Brie Sourdough sandwich.A greilld Cheese sandwich is what it is. People should feel free to eat any greilld sandwich they want but don't call it a Grilled Cheese in the historical sense.Would you take some chopped steak then add Cheddar or Brie, asparagus, red peppers and Oregano then call it a Philly Cheesesteak ? No you'd call it a Veggie Steak sandwich or something else. But you can't take a classic sandwich, switch all the ingredients and then sill call it that classic name !
8. | Jul 12, 2013
they will take part in a debate on WBGO Jazz 88 on Thursday, October 22 at 8pm. But Republican gaetrnaboriul nominee Christopher Christie is waiting to see how Corzine responds to debate invitations from League of Women Voters debate for October 16, which would have been broadcast by the New York and Philadelphia ABC affiliate, and from NJ 101.5. Jon Corzine is afraid to debate on a major network affiliate with a large audience but agrees to a debate on a station whose board is stacked with Democrat party loyalists, said Christie strategist Michael DuHaime. He should be willing to go on network if for no other reason than to apologize to as many New Jerseyans as possible for raising income, business and property taxes, taking way property tax rebates and property tax deductions and doubling the unemployment rate. On Election Day, he won't be able to hide behind his money anymore. After Corzine initially refused to participate in New Jersey Network's October 1 debate that was sanctioned by the New Jersey Election Law Enforcement Commission (ELEC), NJN tried to move it back to October 22, since Corzine indicated he would take part then. That led to ELEC's four commissioners deadlocked along partisan lines, and to Corzine acquiescing to the original date. Christie Campaign Manager Bill Stepien then issued a statement inviting Corzine to debate on the later date, since it appears his schedule is also open for a debate on Oct. 22. While we have agreed to the debate, Christie has not, even after he challenged the governor to debate on that very same date-, said Corzine spokeswoman Elizabeth Smith.WBGO News Director Doug Doyle said that the October 22 date is not final, and that the station is attempting to find a way to accommodate all three candidates. There's nothing official on that on any side, because it's still in the preliminary talks, he said.The Newark-based station reaches the northern half of New Jersey, all five boroughs of New York City and parts of New York State. Doyle said that he will look into partnering up with other public radio stations if he can confirm a date with all three candidates.