Reuters reported today that the International Teamsters Union urged Fedex shareholders to separate the positions of chairman and CEO. While this is not first time this issue has been raised with regard to Fedex it represents a growing trend. While the Teamsters view may not prevail at the company’s upcoming annual meeting, we are likely to see more of this type of pressure imposed on public companies.
Recommended Reading – Chairman-CEO Split Gains Allies, WSJ
March 30, 2009
CEO Watch – The Inevitable is Inevitable – Alcatel-Lucent CEO and Chairman Out
July 29, 2008
More rumors, more pressure – Lehman’s CEO, Richard Fuld, remains at risk
August 25, 2008
More Changes at Wachovia – More to Come
July 25, 2008
Recommended Reading – CEO and CFO Career Consequences to Missing Quarterly Earnings Benchmarks – Academic Paper
September 24, 2008
