Dennis Carey is a prolific writer of books and articles that have appeared in numerous respected locations including, The Wall Street Journal, Financial Times, The New York Times, and many more. Often Mr. Carey comments on current issues that affect the corporate world.
Recently, in May 2009, an article appeared in the Wall Street Journal in which Dennis Carey discusses the latest attempt in Washington to effect change in the corporate world and why this proposed legislation would be a mistake.
Dennis Carey clearly argues that the bill proposed by the Democratic Senator from New York which seeks to split the role of Chairman and CEO in public corporations "flies in the face common sense and proven results."
Siting the fact that over 60% of the largest American corporations have a combined position of Chairman/CEO and yet there is no observable difference between these companies' performance and those in which the CEO and Chairman roles are separated, Dennis Carey shows that changing this practice has not harmed American businesses. On the contrary. American companies seem to be doing quite well with this configuration of governance and management.
