Archive for March, 2010

Recruitment and Talent Management at Korn/Ferry

Saturday, March 27th, 2010

Korn/Ferry International was founded more than forty years ago, in 1969. Since that time they have become the world’s foremost provider of management solutions with an emphasis on finding highly talented executives which will guide the company through CEO succession, mergers, financial crisis and whatever other corporate issues need expert management.

Dennis Carey is the Vice Chairman of Board and CEO Services, specializing in the recruitment of CEOs and corporate directors.

When Korn/Ferry was established by two young businessmen, Richard Ferry and Lester Korn, they had in mind the idea to create a company which would bring excellent leadership to leading firms and organizations globally. This dream as proven itself and has come to fruition as Korn/Ferry is now the world’s leader in executive recruitment and talent management.

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Second Life for Fallen Stars

Wednesday, March 17th, 2010

In May 2009 The Economist published an article entitled “Second Life; Wall Street’s Chief Executives.” This article discussed the phenomena of executives who led their companies into disaster being offered high-paying positions with similar responsibilities despite the fact that they seem to have poor histories as executives.

Generally baffled by this trend, the author quotes Dennis Carey who has a possible explanation for the resurrection of these proven failed execs.

‘Such fallen stars have plenty of useful experience, to be sure. “Someone who fumbled in the last play is likely to hold the ball tighter,” says Dennis Carey of Korn/Ferry, an executive-recruitment firm.’

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Ex-CEOs Stepping In To Help

Monday, March 8th, 2010

Many big businesses, as of late, have been installing independent chairman who were previously CEOs elsewhere to help out with their companies. This is certainly happening more in troubled companies, but isn’t exclusively occurring in these locations. A governance research firm called The Corporate Library, said that 46 former CEOs are chairmen of other companies, up from 14 in 2004.

Dennis Carey, a senior client partner at recruiters Korn/Ferry International says, “These chairmen are strategic equal partners of the CEO because they already demonstrated a successful ‘in the trenches’ style of management.”

At Delphi Automotive LLP, for instance, John “Jack” Krol was named in 2009 as an outside chairman of this auto-parts company. He was working on the daily matters of the company, and helped to adise Delphi CEO Rodney O’Neal on his 2010 and 2011 operational plans. A Delphi spokesman says that Mr. O’Neal views the new chairman “as a partner and coach.”

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