Companies that categorise older workers as costly redundancy fodder are ignoring a bigger prize. Read more
Pascal Soriot, AstraZeneca’s new chief executive, has just laid out a new strategy to “focus, accelerate and transform” the pharmaceutical company. Mark Thompson, newly arrived at the helm of The New York Times Company, has promised to “concentrate [the group’s] strategic focus” on the core business, putting The Boston Globe up for sale and rebranding the venerable International Herald Tribune. Read more
US chief executives are beginning to wean themselves from their perplexing attachment to the role of chairman. But at a few large banks, the addiction persists. Read more
Warren East’s unexpected retirement as chief executive of Arm Holdings, comes at “an inflection point” for the chip designer, according to the FT. Which raises the question: why go now, then?
Andy Grove, former chief executive of chipmaker Intel, wrote in his book Only The Paranoid Survive that he worried most about strategic inflection points. The book is full of valuable tips about how to tackle such moments, but quitting is not one of them. On the contrary. Read more
The first two rules of Fight Club, according to the film of the same name, are “You do not talk about Fight Club” and “You DO NOT talk about Fight Club”. Studies of corporate success follow the opposite code. Since Tom Peters and Robert Waterman published In Search of Excellence in 1982, readers have not stopped talking about whether the lessons taught by such books are valid. Read more
HSBC’s strategic overhaul is already heading for a place in the business school curriculum. This was, after all, the group that called itself “the world’s local bank” in its advertising campaigns and once relocated its chief executive to its traditional Asian hub in Hong Kong. But current, (firmly London-based) incumbent Stuart Gulliver has more modest international ambitions. Read more
Pat Howard is getting some undeserved flak for suspending four players from Australia’s national cricket team.
The manager was once chief operating officer of a listed company, but never in his corporate management career can he have taken a more controversial decision. Read more
The debate about “work-life balance” will generate contributions weightier than Erin Callan’s short article in last weekend’s New York Times, but few will be sadder. Read more