In the Quiet Crowd
http://www.msnbc.msn.com/id/6729636/site/newsweek/
Low Profile: The age of the supercelebrity CEO is coming to a close,
replaced by a new generation who focus on staying out of the news.
By Karen Lowry Miller
Newsweek International
Issues 2005 - As 2004 came to a close, one could be forgiven for
wondering if the lessons of Enron, WorldCom and Tyco had ever
registered where it counts. Corporate scandals kept popping up with
amazing regularity as Marsh & McLennan, Shell, Boeing, Hollinger and
Fannie Mae all became the new shorthand for greed, ignorance and
deception. In the United States, CEO pay went on climbing at even
faster rates, while business-lobby groups fought Securities and
Exchange Commission Chairman William Donaldson tooth and nail as he
tried to give shareholders a greater say in selecting a company's board
of directors. In Europe, executives were girding for battle against
moves in Brussels to reform corporate governance, while CEO salaries
remained largely a secret.
Karen Lowry Miller
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