WHO THE EFF IS THAT?: Board members, in the headlines but no - Sir Andrew Mackenzie, Bill Helman IV, Grace Puma, Anne Mulcahy, John Hennessy
Who the Eff is That??
SIR Andrew Mackenzie
Formerly BHP CEO, Rio Tinto mining exec, now Chair of Shell Board!
Stats:
Only 11% influence
Tags: Scandalous (bats <.250 on controversies), Influencer (>50% of board years at 10%+ influence), Power Broker (>50tn network power)
Benchwarmer!
Bats .330, getting killed by controversies like spilling oil, mining slurries, fun stuff like that
Why: Shell CEO shielded by security as climate protesters try to storm shareholder meeting - Reuters
Played tape of SIR Andy yesterday trying to quell protesters - he was deeply concerned about allowing ALL the shareholders to be included. Inclusion!
Fun note: Heard on the grapevine a new move for companies is to make their head of sustainability committees, if they have them, women JUST SO investors won’t vote them out if they fail at carbon because it would hurt board diversity! Clever!
Shell chair of sustainability committee: Catherine Hughes, who’s prior experience was Head of Oil Sands Development at Husky Oil and head of exploration at Nexen
Bill Helman IV
GP at Greylock Partners (with Reid Hoffman!), Ford board, head of Ford sustainability committee on board
Stats:
1% influence!
Tags: Power Broker
Rotation player
Bats .428, but mostly just because he avoids controversy. EBITDA .249, TSR .228
Speaking of controversy: Ford Motors commercial accused of destroying '120 years of American history in one minute' - National Post
Head of Sustainability committee… at a family firm?
It’s a family firm! No one else matters!
Fun fact: Ford directors who have “generational suffixes” - Junior, III, IV - have 72% of board power! They love generational power!
William Ford Jr
Henry Ford III
John Huntsman Jr
Jim Farley Jr
Bill Helman IV
Grace Puma (Whiteford)
ex-EVP and COO at Pepsi, current Target board member, sits on the Audit and Risk committee!
Stats:
2% influence!
Tags: Power Broker
All Star
Bats solid .635, TSR at .706
Target removes some LGBTQ merchandise from stores ahead of June Pride month after threats to workers
The ONLY Target board member in the skills matrix that has no “skill” at: Reputation Management
Can we blame this on her then? Or the fact that Target’s board is super woke!
Derica Rice sits on Disney’s board, Monica Lozano sits on Apple’s board
The board has no gender power gap - women occupy 38% of board seats and 36% of board power
There is a slight POSITIVE diversity power gap - diverse board members occupy 25% of the board and 28% of the power
The management team is considered aristocratic, with highly educated directors and management and no single source of influence - the CEO only commands 22% of the board, far below most American peers
Anne Mulcahy (Mul-cah-hee)
Ex-CEO of Xerox - one of the only CEOs to have ever started in the HR department! - lead director of Johnson & Johnson, chair of Nom, sits on Finance and Audit plus Consumer Health committee
Stats:
Whopping 20% influence - higher than the CEO (power void alert?)
Tags: Influencer, Power Broker
All Star
Bats .596, solid player all throughout
Why? Band-Aid is the most trusted brand in the US, beating out Amazon and Visa
Connect brand trust to people!
The director there longest to build that trust is Anne at 13 year tenure
Oversaw the wonderful talc settlements!
Connected to 23% of the existing board, second only to Marillyn Hewson!
Crony?
John Hennessy
Did you know he was Chair of the Alphabet (Google) board?? I had no fucking idea… he was also the actual PRESIDENT of Libertarian University, Stanford!
Why: Shareholder Advisory Firms Call for Alphabet Chair's Ouster - The Information
NONE OF THIS MATTERS
3% INFLUENCE, WHO CARES! 77% INFLUENCE OWNED BY BRIN AND PAGE, IT’S A CONTROLLED COMPANY!
WHAT DOES HE EVEN DO?
WHY ARE THEY VOTING AGAINST HIM BECAUSE WHO CARES?