Kevin Dobbs wrote an incisive piece for the American Banker that focused on newly hired bank CEOs (Alan Fishman for WAMU and Charles Rhinehart for Downey Financial) and what they typically need to bring to the table. According to Dobbs,
Deep into a pulverizing credit cycle with no clear turning point, newly minted chief executives at banking and thrift companies are increasingly garnering more attention for past experience selling companies—experience that many expect them to have to draw upon soon.Against a backdrop of mounting investor discontent, analysts said, swift action to salvage shareholder value is the task at hand.
Dobbs does not bring anything new to the table but he does offer a good overview.
Recommended Reading – Klaus Kneale on Chief Executives, Forbes
December 19, 2008
Recommended Reading – SEC Targets CEO Succession Plans – New Risks for Boards, Says Heidrick & Struggles
October 30, 2009
Recommended Reading – CEO and CFO Career Consequences to Missing Quarterly Earnings Benchmarks – Academic Paper
September 24, 2008
Recommended Reading – Successful leadership – how would you know? London Business School
February 13, 2009
Recommended Reading – Once an Outsider, Always an Outsider? CEO Origin, Strategic Change and Firm Performance – Rice
January 20, 2010
