Executive Watch

Last week’s news that Merrill Lynch took an $8.4-billion write down connected to its revaluation of mortgage-related assets–the largest loss in Wall Street memory–was followed within five days by the firing of its CEO, Stan O’Neal. Clearly, a well-deserved boot for a guy who not only shoulders the blame for the latest financial fiasco, but was also credited in a Wall Street Journal article on Monday with an aloof and arrogant management style. A by-product of the Enron era is the increasingly aggressive nature of corporate boards to move quickly to sack the CEO for poor performance. There is a strong trend toward compensation plans that pay for performance–providing financial rewards based on what one produces. The Merrill story reveals that the reverse can also be true: “You’ll pay for your performance.”

Job Opportunities AMB PROPERTY CORP. Regional Asset Manager (MENLO PARK, CA) Candidate will be able to apply an energetic, intelligent, entrepreneurial and proactive approach to maximize the value of each investment in real estate within the portfolio. THE URBAN LAND INSTITUTE Director, Program Content (WASHINGTON, DC) The Convenings director will be responsible for the coordination of the program content for the Spring Council Forum and Fall Meeting – including Product Councils. MOODY’S INVESTORS SERVICE VP, Policy (NEW YORK CITY) Reporting to the chief compliance officer, this position is responsible for reviewing and implementing policies relevant to the company’s regulatory requirements Want to continue reading? Become a Free ALM Digital Reader. Once you are an ALM digital member, you’ll receive: Unlimited access to GlobeSt and other free ALM publications Access to 15 years of GlobeSt archives Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications 1 free article* every 30 days across the ALM subscription network Exclusive discounts on ALM events and publications Register Now *May exclude premium content Already have an account? Sign In Now NOT FOR REPRINT © 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing. share on facebook share on twitter Trending Stories Influencers in Multifamily 2024 Young Adults Fuel Revival of Small Towns and Rural Areas Goldman Sachs Thinks the Fed Already Hit Its 2% Inflation Target Multifamily Execs Share Insights and Strategies Hessam Nadji: RTO Mandates Won’t Fix Office Sector Damage   Resource Center On-Demand Webinar Sponsored by LeaseAccelerator Real Estate Lease Admin Best Practices Join this on-demand webinar to explore best practices in real estate lease administration. Learn how to streamline your operations and achieve cost savings while ensuring compliance with lease accounting standards. Browse More Resources › eBook Sponsored by LeaseAccelerator From Reactive to Proactive: 5 Tips for More Strategic Lease Administration Transform your lease administration. Download this eBook to discover five essential tips that will help you streamline processes, reduce risks, and maximize efficiency. Browse More Resources › White Paper Sponsored by Colliers Multifamily Market Outlook: Challenges and Opportunities in 2024 $1 trillion in loan maturities, occupancy fluctuations and rent growth shifts offer unique challenges and opportunities in the multifamily real estate market. Download this white paper to learn more. Browse More Resources › GlobeSt Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now! Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Exclusive discounts on ALM and GlobeSt events. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. Already have an account? Sign In Now Follow Us On About GlobeSt Contact Us Site Map Advertise With Us Asset & Logo Licensing Terms of Service Privacy Policy Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.