The succession drama follows reported turmoil among controlling family members
The Estée Lauder Companies appointed a new chief executive officer last month amid trouble with sales and an announcement that the company would cut its quarterly dividend by almost half. The shake-up followed signs of disagreement over succession strategy among the Lauder family members on the company’s board.
…The Lauder family owns 38% of the company’s total common stock and controls about 86% of the voting power, according to the company.
Some 16 companies in the S&P 500 are controlled, according to data from public company intelligence provider MyLogIQ. CEOs of these companies tend to have a slightly longer median tenure compared to non-controlled companies: 5.5 years and 5 years, respectively.
Boards have been steadily reinforcing their ranks through the addition of more directors with military…
Governance Professionals Caution Against Knee-Jerk Reactions to Shifting Political Winds Meta Platforms added Dana White,…
Where CEO pay climbed and performance sank last year Danaher and United Parcel Service were…
As artificial intelligence grows more accessible, boards may have no choice but to embrace it…
A look at the demographics and skills of S&P 500 directors. Corporate boards have greater…
Companies with independent directors who've served on the board for more than 15 years are…