Paying Warner Bros. Discovery's chief executive for signing a deal rather than completing one is a remarkable board decision. Chief executives in the media industry are well paid. Warner Bros. Discovery's board was willing to go beyond that and pay on top of it. Initially it
The Sale of CNN and the Political Limits of Board Independence Warner Bros. Discovery spent the past year as the most sought-after target in media. Netflix wanted the studios and the streaming platform. Paramount wanted everything, including CNN. Between December and February, the board had to decide while facing
CEOs are often rewarded for being in the right industry at the right time. When oil prices rise, oil CEOs become geniuses. When interest rates rise, bank CEOs suddenly do too. Bertrand and Mullainathan (2001) gave this a name: "pay for luck." They identified it as a central
Wall Street transformed opportunities for women. Five years after its first female CEO, how much should you bet on another? We analyzed 2,167 careers to find out. In late June, Marianne Lake left JPMorgan after twenty-five years: CEO of its consumer bank, and the last woman in the
Dave Ricks proves it quarterly. Lars Rebien Sørensen proved it a decade ago. Which mandate wins? One of Europe's Greatest Corporate Success Stories Novo Nordisk transformed diabetes care. Ozempic and Wegovy turned obesity into one of the fastest-growing pharmaceutical markets in history. By 2024, Novo Nordisk was