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News CEO Heroes

  1. Feb 28, 2009 #1

    Astronuc

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    Staff: Mentor

    We've heard a lot of negative news about CEOs recently, but there are a lot of good CEOs and some really great ones!

    We need more folks like CEO Leonard Abess, Jr.!

    Miami banker gives $60 million of his own to employees
    http://www.miamiherald.com/news/miami-dade/story/904842.html [Broken]

    http://cosmos.bcst.yahoo.com/up/player/popup/index.php?cl=12252053 [Broken]
     
    Last edited by a moderator: May 4, 2017
  2. jcsd
  3. Feb 28, 2009 #2
    Long term thinking (in terms of benefits /profits) :)
     
  4. Mar 2, 2009 #3
    It's actually great to hear about these stories because, in general, everyone is so quick to criticize CEOs because " They're fat cats with golden parachutes and only care about money!". I find it refreshing that corporate elites do have responsibility and make moral decisions.
     
  5. Mar 12, 2009 #4

    Astronuc

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    Staff: Mentor

    President and CEO of Beth Israel Deaconess Medical Center Paul Levy may have found an alternative to layoffs.
    http://www.boston.com/news/local/massachusetts/articles/2009/03/12/a_head_with_a_heart/
     
  6. Mar 12, 2009 #5
    The CEO of FedEx, hit hard like every company by the recession, could have forced a whole lot of people to be layed off. Instead, he took a 20% pay cut, gave his senior management a 10-15% pay cut, and cut the wages of everyone else by 5%. It's responsible and admirable thinking. Sometimes everyone has to take a pay cut, but it's most honorable and beneficial to the entire company to start from the top and work your way down, instead of the opposite direction.
     
  7. Mar 13, 2009 #6
    This guy even tracked down former employees to give them bonuses. It's not even about the money, it's the thought that counts. Instead of a lavish bonus you could send a bottle of wine with a card to an employee and have the same effect.

    Respect and honor.
     
  8. Mar 13, 2009 #7
    Reminds me of http://en.wikipedia.org/wiki/Oskar_Schindler" [Broken]

    Priceless!
     
    Last edited by a moderator: May 4, 2017
  9. Mar 13, 2009 #8
    Bill Hewlett and Dave Packard started the HP company back in 1930s that specialized in electronic test equipment, are notable for creating the "HP way." That is a working atmosphere, where employees were constantly being rewarded, and praised. That is why the equipment produced from 1940s to 1990s is one the highest quality ever made, not matched by any competitive company then, and sometimes now. But then in 1990s the electronic test equipment division was sold off and taken over by Agilent which killed the "HP way" on day one, and outsourced alot of stuff to Malaysia. Now they produce equipment that outright sucks, and is of much poorer quality.
     
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