| | |
| Summary |
| Please note: The McKinsey Quarterly has agreed to a special arrangement for CEOExpress members that allows member access to their articles. Articles must be clicked on directly through the links below to gain access to this group of articles.
|
Splitting Chairs: Should CEOs Give Up The Chairman's Role?
The debate over whether the roles of CEO and chairman should be separate is too often long on theory and concepts but short on experience and facts. Jack Creighton's contribution is an exception. Formerly chief executive and president of Weyerhaeuser, nonexecutive chairman of Unocal, and interim chairman and CEO of United Airlines, and currently vice chairman of Unocal, Creighton has worked in every major governance configuration. In this interview, he shares his unique perspective on corporate-governance reform (it's working), CEO pay (it's too high), and, above all, the benefits of distinct roles for the CEO and the chairman.
The take-away: While many CEOs worry that giving up the chairmanship will limit their power, Creighton believes that the separation of the two roles offers chief executives tangible advantages: time, valuable advice, and freedom from the need to run meetings, to name just a few.
Articles provided by The McKinsey Quarterly
© 1992-2003 McKinsey & Company, Inc
|
|
|
