FTC case shows the extent of wire fraud Nov 8, 2009
"So many employers are seeing r?sum? fraud and misrepresentations," said Jay Meschke, head of an executive search company in Overland Park, Kan. Fresno banks shunned by 11% of residents. (Fresno Bee -- Business)
Exclusive Subscriber Content Nov 7, 2009
How To: Choose An Executive Search Firm. Advice. (St. Louis Business Journal, MO)
Report: BofA split over inside vs. outside Nov 7, 2009
s chief executive search is unlikely to finish before Thanksgiving, the New York Post reports, saying factions of BofA directors have divided over whether the bank should choose an outside candidate or an insider. Citing sources familiar with the matter, the Post said retail banking chief Brian Moynihan leads internal candidates to replace retiring CEO Ken Lewis at Charlotte-based BofA (NYSE:BAC). (Charlotte Business Journal, NC)
Banks Thwarting Feinberg Pay Reductions by Changing Their Bonus Formulas Nov 7, 2009
isnt shy about paying for performance, says , a managing director at Boyden Global Executive Search Ltd. Theyre taking the lead as far as, We believe in our people; weve done well; were going to stay the way weve always been and not change, Branthover says. DiNapolis next report on financial industry bonuses may stir new complaints. (Bloomberg)
Cable Center Adds Trio of Directors Nov 4, 2009
Carlsen founded Carlsen Resources in 1989, providing executive search and consulting services in the cable, media and telecommunications arena. She has served on the Cable Center's Development Committee for two years, and was also involved at the inception of The Cable Center, serving on several of the start-up committees in its first two years. (Multichannel News)
Diamond Moves Beyond Barclays Investment Bank to Control Commercial Loans Nov 4, 2009
This could be a reward for his achievements over the past 24 months, said , chief executive officer of Kennedy Associates, a London-based executive search firm. He probably sees his career continuing and finishing with Barclays. (Bloomberg -- UK)
Search for Dyke successor begins Nov 1, 2009
An executive search firm, The Zygos Partnership, will assist with the appointment. Key duties for the new recruits will include judging the tone of the BBC's response to the fall-out over Hutton. (Yahoo News -- Hutton Report)
Olympics Notebook: 106-day torch relay under way Oct 31, 2009
The U.S. Olympic Committee has hired the executive search firm Spencer Stuart to search for a new CEO, hoping to replace Stephanie Streeter by the end of the year. The organization also appointed a nine-person selection committee. (Pittsburgh Post-Gazette, PA -- Sports)
USOC hires search firm to find replacement CEO Oct 30, 2009
The organization hired executive search firm Spencer Stuart on Thursday, and named its nine-person selection committee, which will be headed by chairman Larry Probst and board members Bob Bowlsby and Mike Plant. Earlier this month, Streeter announced she would not be a candidate for the job on a permanent basis, but was committed to staying in the position through the Vancouver Olympics. (SportsIllustrated.CNN -- More)
Citadel Suffers `Setback' as D'Souza Leaves Hedge-Fund Firm After a Year Oct 30, 2009
His stepping down raises the question for clients about the stability of Citadels securities business, says , CEO of Kennedy Associates, a London-based executive search firm whose clients include hedge funds. Rohit has a successful track record of turning around and building businesses. (Bloomberg -- US)
The GDP Mirage Oct 30, 2009
"There are really bright people who are struggling to find a job," says Josh Albert, managing director at Klein Hersh International, an executive search firm for life scientists. That's a big problem, because the output of such well-educated workers has become an increasingly important part of the U.S. economy in recent years. (BusinessWeek)
Search for Dyke successor begins Oct 30, 2009
An executive search firm, The Zygos Partnership, will assist with the appointment. Key duties for the new recruits will include judging the tone of the BBC's response to the fall-out over Hutton. (Yahoo News -- Hutton Report)
San Antonio real estate exec to lead ATC Oct 29, 2009
ATC Chairman Brian Wong said it s unclear exactly how many applicants the group considered for the position because the selection process was managed by an executive search firm. Most Read Stories. (Austin Business Journal, TX)
Dr Pepper Snapple CFO to retire Oct 28, 2009
will conduct an external executive search to replace Executive Vice President and Chief Financial Officer John Stewart who announced his intention Tuesday to take early retirement. Stewart will remain in his current position in March 31, 2010. (Dallas Business Journal, TX)
Creating a personal brand in information security Oct 28, 2009
Lee Kushner is the President of LJ Kushner and Associates, an executive search firm that has been dedicated to the information security profession since 1999. Mike Murray is an information security professional and career coach. (Search Security, MA)
Your Career: Guerrilla reference checks Oct 27, 2009
Three years ago, if you had a live body and no one really hated them, then they were hired, said Peter Engel, senior recruiter at New York-based Cantor Executive Search Solutions Inc. Now theyre really looking much more closely. . (MSNBC -- Business)
Will new executive pay rules cause a brain drain? Oct 25, 2009
"There will be a fallout," said Janice Reals Ellig, co-CEO of the executive search firm Chadick-Ellig. "Talent that is short-term-focused because they have big mortgages, college education payments and other things will feel more pressure to leave.". (The Pantagraph newspaper)
Wall St. Pay Cut Loopholes Oct 24, 2009
"Whether by deferring compensation over a couple of years, or paying more of it in the form of stock, the majority of Wall Street firms will still be able to pay people very well, in some cases more than before," said Eric Moskowitz, head of compensation consulting at New York-based Options Group, a global executive search firm focused in the financial industry. With so much public scorn directed toward Wall Street's traditional practice of back loading a year's worth of compensation via... (ABC News -- Business)
Performing arts center puts Folsom center stage Oct 24, 2009
A national executive search drew almost 30 applicants, and the short list has been whittled down to three finalists. It s quite unusual for a community college to have a visual and performing arts center, said Lori Rianda, executive director of the and the college s institutional advancement director. (Sacramento Business Journal, CA)
Talent War Over Bank Pay Oct 23, 2009
"The target list of nearly every major executive search firm these days includes executives from firms under TARP control," says Dennis Carey, a senior client partner at executive search firm Korn/Ferry International (). He is referring to the Troubled Asset Relief Program, which pumped billions of U.S. taxpayer dollars into banks like Citi and Bank of America () during the financial crisis but also capped pay at the firms. (BusinessWeek)
Dollar boost for Virgin Blue Oct 22, 2009
The funds management arm of BT Financial appointed the executive search firm Egon Zehnder to find a replacement for Dirk Morris in June. Since Morris left, the reins have been in the hands of BTIM's chairman, Brian Scullin. (Sydney Morning Herald -- Business)
Mad cow disease no longer a priority Oct 21, 2009
AMROP HEVER Global Executive Search. FINMA. (Yahoo News -- Mad Cow Disease)
Council set to hire executive search firm Oct 20, 2009
On Tuesday, the council is scheduled to consider approving a $22,400 contract with Avery and Associates, a Los Gatos-based executive search firm, to help recruit a new city manager. The company has previously helped Hanford in its city manager recruitment. (Hanford Sentinal, CA)
Olympics Notebook: USA gymnast wins title Oct 18, 2009
Don't bother hiring an executive search firm to help select the U.S. Olympic Committee's next CEO, Dick Ebersol admonishes. The only qualified candidates should be obvious. (Pittsburgh Post-Gazette, PA -- Sports)
Business briefs Oct 16, 2009
Hedge hiresHedge funds are hir ing again, but multimil lion dollar payouts will be scarcer this year, a report from executive search firm Heidrick & Struggles said ... Hedge funds are hir ing again, but multimil lion dollar payouts will be scarcer this year, a report from executive search firm Heidrick & Struggles said. (New York Post -- Business)
Nomura, Mizuho Plan to Slash Hiring at Japan's Universities in 1990s Redux Oct 15, 2009
The firms risk leaving themselves short of staff as trading and stock sales recover from last years bust and competition stiffens in the securities market, said , head of Executive Search Partners Co. in Tokyo. A similar misstep in the 1990s left them unprepared when the benchmark index embarked on a four-year winning streak in 2003, he said. (Bloomberg -- Japan)
EON Bank promotes Lor to group CEO Oct 15, 2009
The bank said in a statement yesterday the appointment was made after an extensive search by an executive search firm, which included international and internal potential candidates. Michael Lor. (The Star Online, Malaysia -- Business)
BofA hires firm to assist in CEO search Oct 14, 2009
Corp. s board has turned to executive search firm to help find the bank s next CEO, the Wall Street Journal reported Tuesday, citing people familiar with the situation. CEO Ken Lewis told the board Sept. 30 that he plans to retire at year-end. (San Jose Business Journal, CA)
Ebersol: Qualified USOC CEO candidates obvious Oct 14, 2009
NEW YORK - Don't bother hiring an executive search firm to help select the U.S. Olympic Committee's next CEO, Dick Ebersol admonishes. The only qualified candidates should be obvious. (MSNBC -- Sports)
AP Source: BofA to give up Merrill deal documents Oct 13, 2009
Bank of America Corp.'s board received a briefing on the bank's chief executive search Friday, but a spokesman said there was nothing new to report on the Charlotte bank's hunt to replace departing CEO Ken Lewis. Board chairman Walter Massey, who is leading the six-director search committee, gave the full board an update on the panel's efforts at a short phone meeting, bank spokesman Bob Stickler said. (Fresno Bee -- Business)
David Rovig to Retire as President and CEO of Greystar Resources Oct 13, 2009
Greystar has engaged an international executive search firm to identify a candidate to fill the vacancy. Mr. Rovig will continue as President and CEO until a replacement has been secured. (CCNMatthews Press Releases)
BofA board receives update on CEO hunt Oct 10, 2009
CHARLOTTE, N.C. -- Bank of America Corp.'s board received a briefing on the bank's chief executive search Friday, but a spokesman said there was nothing new to report on the Charlotte bank's hunt to replace departing CEO Ken Lewis. Board chairman Walter Massey, who is leading the six-director search committee, gave the full board an update on the panel's efforts at a short phone meeting, bank spokesman Bob Stickler said. (Fresno Bee -- Lifestyle)
Some pay disproportionate with company revenue Oct 10, 2009
Although most companies follow the guidelines under the law when it comes to compensation levels, some smaller companies tend to be more relaxed in following such norms, says R Suresh, managing director of Mumbai-based executive search firm Stanton Chase. However, he pointed out that companies can pay more than the recommended level after getting it approved by their remuneration committees. (India Times)
Average CEO earns R5.3 million a year Oct 9, 2009
Executive search and reward solutions firm, Mabili consultancy's report on directors' remuneration for 2009 pointed to the "difficult market conditions" which resulted in reasonably low executive pay increases in comparison to previous years. But nevertheless the research reveals that FirstRand chief executive Paul Harris pocket R27. (Business Report, South Africa)
Analysts name possible contenders to lead Bank of America Oct 9, 2009
The current disarray surrounding who will take over for Ken Lewis could have been avoided had the firm practiced at least some basic or minimal succession planning, said Patricia Lenkov of Agility Executive Search LLC in New York. Elizabeth A. Nowicki, a visiting professor at Boston University s School of Law, said it could be difficult for Bank of America to find an ideal replacement with it facing so much pressure from investigators and angry shareholders. (Boston Globe)
Search for city manager under way Oct 9, 2009
On Tuesday, the City Council spent an hour interviewing William Avery and Associates, a Los Gatos-based executive search consulting firm. It is the same company the council used in 2006 when it hired Alan Christensen, who resigned just nine months into the job amid a Department of Justice investigation into allegations of grand theft. (Hanford Sentinal, CA)
WNS' CEO hunt narrows to Nambiar, Kurien Oct 8, 2009
WNS had roped in executive search firm Egon Zehnder to find a new chief executive after co-founder and group CEO Neeraj Bhargava announced that he was stepping down. However, the process was put on hold, as the BPOs largest shareholder Warburg Pincus initiated plans to sell its 50% stake. (India Times)
Masco superintendent screening committee to be formed Oct 8, 2009
Dr. Gary Baker, executive search consultant with NESDEC, will be assisting the School Committee throughout the search process. As part of this process, the School Committee will appoint a Screening Committee around the beginning of November, which will be comprised of 11 members who are residents, staff, or public officials. (Boxford Tri Town Transcript, MA)
New advice for older workers? Learn how to compete for jobs Oct 7, 2009
executive search firm. "You have to take time to target your resume to the particular opening," Miller said. (Fresno Bee -- Business)
Hanford city manager search process to begin Oct 6, 2009
On Tuesday, the council will hold a conference with an executive search consultant regarding the recruitment process for city manager. It remains uncertain exactly what process the council will decide to use to hire the citys new top administrator. (Hanford Sentinal, CA)
Brambles names new chief Oct 6, 2009
Mr Gorman was the unanimous choice of the board following an extensive executive search, Mr Kraehe said. Mr Gorman, whose base salary and other benefits will total $1. (Sydney Morning Herald -- Business)
Corporate India's crore-plus payclub expanding Oct 5, 2009
If we include professionals from financial services, the number could easily be 3,000, says Sunit Mehra, country head of Mumbai-based executive search firm Hunt Partners India. Also Read. (India Times)
CIT Board Seeking Members May Spell End for Peek, Governance Experts Say Oct 5, 2009
The 101-year-old lender, which may file for bankruptcy should the exchange fail, hired Spencer Stuart, the executive search firm, to help boost the board to 13 members from 10 and said some directors may resign, according to an Oct. 2 regulatory. A steering committee of bondholders who provided the company with $3 billion in July will recommend candidates, CIT said. (Bloomberg -- US)
A New Executive-Search Business Model Oct 3, 2009
Earlier this year, I and several of my colleagues at executive search firm Heidrick & Struggles () met with Brian and his global human resources chief, Orlando Ashford ... Orlando wanted to do more business with minority- and women-owned executive search firms, who he felt had greater access to diverse talent than most mainstream search firms ... With such approaches, Heidrick & Struggles is of executive search. (BusinessWeek)
BoA scrambles to find new CEO Oct 3, 2009
This is like playing roulette, said Joel Koblentz, an Atlanta-based executive search consultant. You dont know who to bet on, but in this case, you have to get it right. (The Star Online, Malaysia -- Business)
MBA Pay: Riches for Some, Not All Oct 2, 2009
Robert Travis, a director of the Boyden World Corp., and managing director of the Atlanta and Calgary offices of Boyden Global Executive Search, says companies are looking for something "intangible" when they recruit from top schools. The attendant perception of a strong alumi network, the assumption of quality training, and the degree's prestige often help top MBA grads, Travis says, even later in their careers. (Yahoo News -- Press Releases)
BofA Scrambling; Strategy for New CEO Questioned Oct 2, 2009
"This is like playing roulette," said Joel Koblentz, an Atlanta-based executive search consultant. "You don't know who to bet on, but in this case, you have to get it right. This is not one you recover from if you make a mistake.". (ABC News -- Wire)
Bank of America CEO Lewis to step down Oct 1, 2009
Gifford said the board was so unprepared for Lewis s announcement that it hadn t taken any steps to begin looking for a successor, such as lining up an executive search firm. Lewis s announcement may have been driven by his and the bank s growing problems over how it handled the Merrill Lynch acquisition a year ago. (Boston Globe)
Jobs are back; upsurge in hiring as slump eases Sep 30, 2009
"We see the movement happening across the sectors and it looks like worst is over. But the current scenario can not be considered as normal but it is better than bad," executive search firm GlobalHunt India professional leader Sunil Goel said. If everything goes fine then it will take a year to reach to a normal situation, he added. (India Times, India)
Silicon Image CEO resigns amid lower forecast Sep 30, 2009
has retained the services of an executive search firm to find a new CEO.. Silicon Image, a supplier of semiconductors and intellectual property for the secure distribution, presentation and storage of high-definition (HD) content, also expects revenue for fiscal third quarter 2009 to be below the financial guidance previously provided on July 23. (EETimes)
Banker-Pay Guidelines May Put Citigroup, Bank of America at Disadvantage Sep 30, 2009
4 billion to pay compensation in the first six months of this year, doesnt need to offer guarantees for longer than one year because they pay more than rivals, said , president of Whiterock Group LLC, a New York-based executive search firm. Reduce the Risk. (Bloomberg)
Pilots make special delivery for pet rescue organization Sep 26, 2009
Schrager agreed and departed Hanscom for Woodbine, N.J., stopping in Islip, N.Y. to pick up his co-pilot Tom Harvey, an executive search consultant and avid pet lover. The two flew the Cessna 172 to Woodbine, landing right behind the vehicle that had just arrived from North Carolina with the three dogs: Caleb, a shar-Pei, and two lab puppies, Hanna and Mike. (Lincoln Journal, MA)
Renton chamber board doesn't get answer it seeks on Bressler firing Sep 25, 2009
The costs will mount when the trustees hire an executive search team to find finalists for the job of permanent college president. It's expected the new president will start work next July. (Enumclaw Courier Herald, WA)
Wanted: Candidates who will not act pricey Sep 19, 2009
Three senior executives of three large executive search firms said the days of negotiations and renegotiations are back. Candidates being headhunted have started demanding salary increases of around 50%, instead of the 10-20% they demanded earlier. (India Times)
Tan named Uni.Asia General COO Sep 19, 2009
The appointment is the result of an exhaustive , widespread and detailed executive search that began in April following the departure of the companys chief executive officer, Uni. Asia said in a statement yesterday. (The Star Online, Malaysia -- Business)
Burns' priorities: 'Community policing,' relations Sep 19, 2009
The city hired an executive search firm to recruit a new police chief, and Burns was chosen over nearly 50 candidates from across the country, including seven who were called in for interviews and three local finalists. Burns said he considered applying for the position of chief once it became vacant. (Palo Alto Online, CA)
Annie E. Casey Foundation CEO Douglas W. Nelson to retire Sep 17, 2009
Boston-based executive search firm Isaacson, Miller will manage the search. The firm specializes in nonprofits. (Baltimore Business Journal, MD)
Georgia facing a classic trap game Sep 17, 2009
I m sure the UVa AD has already been in touch with an executive search firm. Groh is toast. (Atlanta Journal-Constitution -- Sports)
Concord pilot helps pups through nonprofit program Sep 16, 2009
Schrager agreed and departed Hanscom for Woodbine, N.J., stopping in Islip, N.Y., to pick up his copilot Tom Harvey, an executive search consultant and avid pet lover. Schrager, Harvey and his Cessna 172 flew to Woodbine, N.J., landing right behind the Cherokee that had just arrived from North Carolina with the three dogs, Caleb, a SharPei, and two lab puppies, Hanna and Mike. (Concord Journal, MA)
Wall Street's Shifting Job Landscape Sep 12, 2009
"It had to fall," says Deborah Markus, founding partner at executive search firm Columbus Advisors ... "The survivors are just beginning their strategic growth planning," says Rob Sloan, head of the U.S. financial-services practice at executive search firm Egon Zehnder International. (BusinessWeek)
Search for Dyke successor begins Sep 12, 2009
An executive search firm, The Zygos Partnership, will assist with the appointment. Key duties for the new recruits will include judging the tone of the BBC's response to the fall-out over Hutton. (Yahoo News -- Hutton Report)
Equinox Partners Expands its C-Suite and Board Practice as Clients Restructure Sep 10, 2009
NEW YORK, Sept. 9 /PRNewswire/ -- Equinox Partners, a leading executive search firm focused exclusively on the real estate industry, announced today that David Jacobstein has joined the firm as a Managing Director based in New York City ... " Jacobstein is an active member of the Urban Land Institute, International Council of Shopping Centers and NAREIT. He began his career as a corporate and securities lawyer and holds a B.A. from Colgate University and a J.D. from George Washington University.... (PR Newswire)
Womack names Talley as finance chief Sep 9, 2009
Randy Neal, CEO of Dallas-based , provided executive search services on behalf of Womack. Most Read Stories. (Dallas Business Journal, TX)
Women on boards: figures going backwards Sep 7, 2009
Tougher times may mean that boards are less interested in change, but some are willing to embrace the next generation and increase diversity, says consultant Stafford Bagot, of executive search group Heidrick & Struggles. Women and men need mentors, but it has to be the right mentor to steer them through. (Sydney Morning Herald -- Business)
Erie board to continue discussion of superintendent search Sep 3, 2009
In a straw poll Wednesday, five school directors said that the PSBA, and not a professional executive search firm, should find a replacement for retiring schools Superintendent Jim Barker ... Executive search firms would charge between $19,500 and $23,750 to advertise the position and screen candidates, district personnel Director Bea Habursky said. (Erie Times-News, PA)
