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Avon CEO told board: Replace me
A source close to the situation says that it was Andrea Jung herself who proposed splitting her job into two distinct roles.
By Beth Kowitt, writer-reporter
FORTUNE -- Andrea Jung is out as CEO of Avon, but she'll remain a presence at the troubled cosmetics company -- for now. The company announced yesterday that in 2012 it will split the CEO and chairman roles, with Jung staying on as executive chairman once MORE
Dec 14, 2011 10:53 AM ETPosted in: Andrea Jung, Avon -
What Occupy Wall Street got right
The problem isn't that Wall Street broke the rules to their own benefit, it's that the rules themselves are unhelpful.
By Roger Martin and Jennifer Riel, contributors
FORTUNE -- The Occupy Wall Street movement has generated a slew of questions from those outside the occupying ranks: Who are these people? What do they really want? Which city will be next? How will our public officials respond? And as the protests have stretched MORE
Nov 9, 2011 10:53 AM ET -
Steve Jobs' patents: A vital lesson for CEOs
Did the Apple impresario really earn all those patents? Yes, argues Microsoft researcher Bill Buxton. More importantly, Jobs' relationship to design and invention is an invaluable guide for managers in every type of business.
By Bill Buxton, principal researcher Microsoft Research
FORTUNE -- Late last month, The New York Times published an article that both interested and surprised me. Steve Jobs is cited as an inventor on 313 patents and is the MORE
Sep 21, 2011 3:16 PM ET -
Mellody Hobson's corporate "Dream Team"
Fortune selected an executive dream team consisting of the world's best business leaders. Mellody Hobson, the president of Ariel Investments, gives us her selections and why.
FORTUNE -- In the Sept. 5 issue of Fortune, we imagined a new kind of fantasy league: one focused on business leaders, where the stats are ruled more by market cap and earnings per share than on-base percentage and earned run averages. (See Fortune's fantasy MORE
Aug 23, 2011 9:52 AM ET
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CEO Roger Crandall thinks that means-testing and older retirement ages are inevitable, but that its unlikely entitlements for the less affluent will be touched. Play -
CEO Roger Crandall thinks rates will remain low, but says MassMutual has diversified its portfolio to protect against any changes. Play -
CEO Roger Crandall says emerging economies like China are prime growth targets. Play -
Roger Crandall says that baby boomers will have to keep working into retirement and that young people have been scared off by the stock market. Play
