A Quote by Ivan Glasenberg
We're all shareholders. These guys below me, they see the CEO taking it easy, it's their money.
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As for poker, I've stayed away from that, even though when I was in Vegas for Ocean's Eleven, I would get accosted by these guys begging me to play. They just want to take my money. They see me, think 'actor' and see some easy money.
No one person controls Microsoft. The board and the shareholders decide whether they want to have me as CEO.
When you face the shareholders, then you can feel the heat is on you. For 20 years I got to answer to my shareholders. It's not easy.
Shareholders are sort of like cats; they get herded around, and they follow the leader. With the exception of a few activist shareholders, there are a very rare number of big, important, influential shareholders that like to step up and say there's a problem here, especially when they're making money.
What I see for the band by the end of this year is the Complex live at the Montreux Jazz Festival. I want my guys to be comfortable. I'm certainly not in this for the money, but I'd really like to see my guys make some money off of this stuff.
Some guys, football comes really easy to them; they can see what all 22 players are doing, can see what all 11 guys are doing on their side of the ball, how it all fits together. It's easy for them.
Does making money excite me? No, but I have to make money for my shareholders. What excites me is achievement, doing something difficult.
If the CEO doesn’t see the playing field, nobody else can. The team may need to see it too, but the CEO really needs to be able to see the entire competitive space.
I liked being CEO of Blockbuster, but my job is to put it on the bottom line for shareholders.
I really believe that all CEO pay should be voted on by shareholders ahead of time. Mine was.
I don't feel I'm at liberty to speak about the actions of any one CEO. That's not fair; given CEOs have duties to their shareholders.
What I am saying is, all health care has a problem with costs. Medicare is growing slower than the private insurance plans. Why? Because of their efficiency. They don't have to give money to shareholders. Why should be defending shareholders?
For a hot-shot CEO taking over a troubled company, mass firings are the ultimate quick fix, the accounting equivalent of crack: cheap, easy to score, instantly gratifying, and highly addictive.
With every story that TV covers, somebody - some corporation, some shareholders - are making money. That's true whether covering Libya, Iraq, the tsunami in Japan, Osama bin Laden, whatever story there is. That day, the shareholders are making money off it. Every newspaper that's sold, somebody's making a dime.
When I was made CEO of Reynolds the first time, someone asked me what it was like to be a female CEO. But I said, 'I don't know what its like to be a male CEO, so I can't really answer that question.'
In the age of activism that is clearly not going away, it would seem that some form of engagement from directors with shareholders - rather than directors simply taking their cues from management - would go a long way toward helping boards work on behalf of all shareholders rather just the most vocal.
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