Joseph Dear, who led a $96 billion post-recession recovery as chief investment officer of the California Public Employees’ Retirement System, has given up some duties as he fights prostate cancer, the fund said.
When Twitter Inc. Chief Executive Officer Dick Costolo isn’t traveling abroad or overseeing new products to compete with social-networking rival Facebook Inc., he’s often lecturing employees on the merits of good management.
Intel Corp., the world’s largest chipmaker, named Chief Operating Officer Brian Krzanich as chief executive officer, leaning on an insider to accelerate a shift toward mobile devices as the personal-computer age wanes.
“Corporate mentoring programs are a charade. The intent behind them is good, but like everything the professionals get a hold of, they turn it into an incredibly complex and counterproductive routine. I suspect the reason these programs exist is so HR can beat you up and have something they can brag about. The moment someone says ‘mentor’ or ‘mentee,’ I get waves of nausea,” Andy Grove, former chairman of Intel Corp., says in the Sept. 26 edition of Bloomberg Businessweek.
“I am told I cannot talk about industrial policy in polite American company,” Dow Chemical Co. Chief Executive Officer Andrew Liveris told a business audience last March. “I’m not sure why, since the world’s two strongest economies, Germany and Japan, both have such policies.”