Exclusive outtakes from industry leaders
Anyone who thinks the word “executive” in CEO stands for a person who actually executes decisions and strategy should think again, at least according to Technicolor CEO Frederic Rose.
“It’s very funny, you get a job as a CEO and everyone says you’ve got this absolute power,” Rose told the Reuters Global Media Summit in Paris.
“The reality is, the power you have, the authority you have is to basically guide and to give direction…and if people don’t want to follow, they’ll just forget to do it,”
Rose said that since he took the helm of the video technology specialist in September 2008 he really only took one decision on his own -- but if you want to get technical someone else helped him along.
There must be something about Wyoming at this time of year.
Several participants at the Reuters Aerospace and Defense Summit held in Washington this week said they were heading out West — but declined to say what was taking them so far from hard-nosed airline investors and Pentagon accountants.
But the aviation head honchos tend to shy away from talking about it.
“I like Wyoming very much in the beginning of fall — a beautiful area,” was all we could get from one multinational corporation chief.
The Chief Executive Officer of L-3 Communications says he’s a “city kid” from New York who worked his way up from loading trucks in the Bronx as a college student to being in charge of a large U.S. defense contractor.
And so he takes exception when people demonize CEOs just for the sake of it.
“We went though a period of time where CEOs were cast as the villains of the earth,” Michael Strianese said in an interview at the Reuters Aerospace and Defense Summit.
All week, we have been meeting real estate executives at Reuters Global Real Estate Summit who have discussed the many different areas of concern that have spread throughout the sector.
Some have spoken about deleveraging. Some have told us about the shrinking of values. Others have said it’s a confidence game — as in, there isn’t any.
Alain Dutheil, CEO of mobile chipmaker ST-Ericsson, is not a man easily deterred when he wants to get somewhere.
“My plane was late and when I arrived there was no car there to take me into town as planned.” So what did the 64-year-old do?