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Chairman-CEO Structure - Endnotes

    1    For an overview of the demographics of the F100 CEOs, see the infographic “Fortune 100 CEOs // Demographics, Education & Career Paths,” N2Growth, 2013.

    2    “Splitting The CEO And Chairman Roles – Yes Or No?” by Charles Tribbett, The Corporate Board, November/December 2012. The “2012  Spencer Stuart Board Index” reports almost identical numbers for the S&P 500: 43% separating the roles, up from 25% in 2002.
    3    “CEO Succession 2000-2009: A Decade of Convergence and Compression,” by Ken Favaro, Per-Ola Karlsson, and Gary L. Neilson, Strategy + Business, Summer 2010.
    4    “Board Leadership among S&P 1500 Companies,” by Annalisa Barrett, Equilar, 2012.
    5    “Splitting The CEO And Chairman Roles – Yes Or No?” by Charles Tribbett, The Corporate Board, November/December 2012.
    6    “2012  Spencer Stuart Board Index.”
    7    “Board leadership: A global perspective,” Deloitte, 2011.
    8    “Chairing the Board: The Case for Independent Leadership in Corporate North America,” Millstein Center for Corporate Governance and Performance, Yale School of Management, 2009.
    9    “Pros and Cons of Differing Models of Board Leadership,” NACD, 2013.
    10    “CEO Duality and Firm Performance – An Endogenous Issue,” by Chia-Wei Chen, Barry Lin, and Bingsheng Yi, Corporate Ownership & Control, Fall 2008.
    11    “The Costs of a Combined Chair/CEO,” by Paul Hodgson and Greg Ruel, GMI Ratings, June 2012.
    12    “When the CEO is also the Chair of the Board,” by Aloke Ghosh and Doocheol Moon, Zicklin School of Business, June 2009.
    13    “The Costs of a Combined Chair/CEO,” by Paul Hodgson and Greg Ruel, GMI Ratings, June 2012.
    14    “Key Metrics Series: Entrenched Boards,” GMI Ratings, March 2013.
    15    “Board governance depends on where you sit, by William George, McKinsey Quarterly, February 2013.
    16    “Should the CEO Be the Chairman?” by Jay W. Lorsch and Andy Zelleke, MIT Sloan Management Review, Winter 2005.
    17    “Splitting The CEO And Chairman Roles – Yes Or No?” by Charles Tribbett, The Corporate Board, November/December 2012.
    18    Dividing The Seat Of Power,” by Jean-Michel Beigbeder, Charles H. King, and Keith Meyer, The Corporate Board, July/August 2012.
    19    “Apprentice, Departure, and Demotion: An Examination of the Three Types of CEO–Board Chair Separation,” by Ryan Krause and Matthew Semadeni, Academy of Management Journal, June 2013.
    20    “How to separate the roles of chairman and CEO,” by Robert F. Felton and Simon C. Y. Wong, McKinsey Quarterly, November 2004.
    21    Given that cutoff date, our tables and analyses do not include recent CEO changes at companies including Kroger, Microsoft, Valero Energy and Walmart and, or the CEO and structure changes at General Motors.
    22    “Elsenhans Leaves Sunoco Shedding Refineries for Pipelines,” by Bradley Olson and Edward Klump, Bloomberg News, February 3, 2012.
    23    “Philip Morris CEO to Step Down,” by John Kell, The Wall Street Journal, March 13, 2013.
    24    “Ford Taps Boeing Executive as CEO,” by Monica Langley and Jeffrey McCracken, The Wall Street Journal, September 6, 2006.
    25    “GM’s N. American chief considered for CEO job in 2010 – book,” Reuters, January 23, 2013. Whitacre's book is American Turnaround: Reinventing AT&T and GM and the Way We Do Business in the USA.

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