Boyden global executive search
Stonewedge Office Park
1 Wedgelink Road
Cnr William Nicol Drive
Johannesburg, Bryanston 2021
South Africa
Phone: +27 11.267.2000
Fax: +27 11.267.2010
Email: info@boyden.co.za
Industry Insights
Citigroup tightens compensation metrics for executive jobs
Global financial services corporation Citigroup Inc. announced in its most recent proxy filing that it is revising the methods it uses to determine compensation for employees in executive jobs. Shareholders have been very outspoken in the past few years, asserting that the company awards overly generous compensation to executives despite subpar stock performance. The new metrics, developed by the company’s Board of Directors, tie compensation to performance using more objective means of evaluation.
Read More >>Yahoo CEO draws criticism for strict hiring practices
Marissa Mayer, Chief Executive Officer of Yahoo, has drawn criticism for insisting that job candidates hold degrees from prestigious universities. Hiring managers are concerned that because of her exacting standards, Yahoo could be missing out on much-needed talent. Hiring and retention have become major challenges at a time when the competition for both non-executive and executive talent in Silicon Valley is fierce. Rivals such as Google and Facebook present attractive options, as do the area’s many IPO-bound tech start-ups.
Read More >>The outlook for executive hiring in Canada
A recent report focusing on the technology function in Canada looked at plans for executive hiring in the second quarter. Of the more than 270 CIOs surveyed, 74% said they intend to fill open IT positions, while 7% plan to add roles to expand their IT capabilities. Most executives showed optimism regarding their companies’ growth and IT investments. However, the difficulty of recruiting executives and non-executives with proficiency in emerging technologies is proving a considerable challenge.
Read More >>Executive hiring news: Apple recruits communications director
Apple has reportedly hired Josh Rosenstock, Director of External Communications for the global power and aerospace company Rolls-Royce plc. The decision followed an executive search thought to be aimed at bolstering the tech icon’s corporate affairs capabilities. When he joins Apple in the coming weeks, Rosenstock will reportedly serve in the newly created executive position of Director of Corporate Communications for the Europe, Middle East, India and Africa (EMEIA) region.
Read More >>Groupon launches an executive search for new CEO
Following the ouster of CEO Andrew Mason, Groupon has launched an executive search. Analysts had pointed to COO Kal Raman as a likely replacement; however the company’s board intends to limit the search, at least initially, to candidates from outside the company. Board members Eric Lefkofsky and Ted Leonsis, who are leading the search, plan to engage an executive search firm, with the goal of having a new leader in place within three to six months.
Read More >>Managing Partners
Jules Kieser
(T): +27 11.267.2000
jkieser@boyden.co.za
Fay Voysey-Smit
(T): +27 11.267.2000
fvoyseysmit@boyden.co.za
Associates
Leigh Murray
(T): +27 11 267.2000
lmurray@boyden.co.za
Fiona Blackwell
(T): +27 11.267.2000
fblackwell@boyden.co.za