Tag #Corporate Leadership

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forbes.com

🌐 85% Global Worthiness

Dec 23, 01:06

Record CEO Turnover in 2024: Accountability, Complexity, and the Rise of Emotional Intelligence

In 2024, a record 1,991 CEOs left their positions, the highest number since 2002, driven by increased board accountability for underperformance and the need for leaders skilled in navigating complex global challenges.

Record CEO Turnover in 2024: Accountability, Complexity, and the Rise of Emotional Intelligence

In 2024, a record 1,991 CEOs left their positions, the highest number since 2002, driven by increased board accountability for underperformance and the need for leaders skilled in navigating complex global challenges.

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Decent Work and Economic Growth

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How are evolving board dynamics and expectations impacting CEO tenures and the leadership landscape?

Increased board independence and stricter accountability for underperformance are driving this surge in CEO turnover. CEOs are facing intense scrutiny regarding profits, stock prices, and their ability to navigate complex global issues like technological advancements and geopolitical instability. This heightened pressure contributes to shorter tenures.

sueddeutsche.de

🌐 75% Global Worthiness

Dec 13, 13:13

Evonik Restructures, Cuts Jobs, Appoints Women to Top Management

Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...

Evonik Restructures, Cuts Jobs, Appoints Women to Top Management

Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to t...

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Gender Equality

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How will Evonik's restructuring impact its operational efficiency and competitiveness?

"Evonik streamlines operations, reducing management layers from 10 to 6 and cutting 2000 jobs globally by 2026 to enhance efficiency and cut costs. Two new female executives, Lauren Kjeldsen and Claudine Mollenkopf, join the five-person executive board, making women the majority. This restructuring involves reducing business units from five to three and potential divestments of some assets, impacting nearly 5000 employees.", A2="The restructuring at Evonik reflects a broader trend among corporations to improve agility and competitiveness by flattening hierarchies and focusing resources. The reduction in business units and potential asset sales aim to increase profitability and simplify operations, mirroring similar strategies implemented by Bayer. The appointment of two women to the executive board demonstrates a commitment to diversity and inclusion.", A3="Evonik's transformation may face challenges related to employee morale and potential disruptions during the restructuring process. The success of the new structure depends on smooth integration and strategic alignment of the three business units. The sale of assets and job reductions could impact regional economies and require substantial investment in retraining initiatives.", Q1="How will Evonik's restructuring impact its operational efficiency and competitiveness?", Q2="What are the broader economic and social implications of Evonik's job cuts and asset sales?", Q3="What are the potential long-term challenges and risks associated with Evonik's strategic transformation?", ShortDescription="Evonik, a German specialty chemicals company, is restructuring its operations, reducing its management layers, cutting 2000 jobs globally, and appointing two women to its executive board, resulting in women holding the majority of seats. The company is also reducing its business units from five to three and plans to sell some assets, potentially affecting almost 5000 employees.", ShortTitle="Evonik Restructures, Cuts Jobs, Appoints Women to Top Management")) #Evonik reorganisiert, baut Stellen ab und ernennt Frauen in die Geschäftsführung

elpais.com

🌐 75% Global Worthiness

Dec 15, 16:12

Death of Telefónica Vice Chairman José Javier Echenique

José Javier Echenique, former BBVA director-general and Telefónica vice chairman, died at 74 on December 30th, 2023, from a massive stroke after attending a funeral and lunch with business associates on Thursday and Friday.

Death of Telefónica Vice Chairman José Javier Echenique

José Javier Echenique, former BBVA director-general and Telefónica vice chairman, died at 74 on December 30th, 2023, from a massive stroke after attending a funeral and lunch with business associates on Thursday and Friday.

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What is the significance of José Javier Echenique's death for the Spanish business world?

José Javier Echenique, a prominent figure in Spanish business, passed away at 74 due to a massive stroke. His death follows the recent passing of another influential businessman, highlighting a period of significant loss for the Spanish corporate world.

dailymail.co.uk

🌐 45% Global Worthiness

Nov 18, 01:15

Rise of White Male CEOs Reverses Diversity Progress

A recent increase in the appointment of middle-aged white men to CEO positions in Corporate America is reversing previous progress in diversity and inclusion.

Rise of White Male CEOs Reverses Diversity Progress

A recent increase in the appointment of middle-aged white men to CEO positions in Corporate America is reversing previous progress in diversity and inclusion.

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Reduced Inequality

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What are the arguments for and against the prioritization of diversity in corporate leadership?

Experts warn that this reversal will limit opportunities for underrepresented groups and could negatively impact business performance, as a diverse workforce and leadership team often yields improved results.

Showing 13 to 16 of 16 results