Economic Recession and Dennis Carey

Despite the fact that we all keep hearing how the country – and indeed the world – is undergoing a huge economic recession, things might not be as bad as they seem after all. According to a survey undertaken by Korn/Ferry International (where Dennis Carey is Senior Client Partner), it seems that investor relations officers haven’t been suffering at all, at least not in the fiscal department. This survey – conducted with the National Investor Relations Institute – found that the salaries of these employees “held steady between $126,000 and $150,000.”

Dennis Carey and Finances

Korn/Ferry International in which Dennis Carey is involved, is an extremely successful international company. Happily for those in the industry its findings showed that those employed in this area are not suffering as much as the public would have been led to believe. True, the survey did also find that bonuses were reduced and salaries did remain on an even keel (as opposed to enjoying an increase) but they didn’t decrease so that has to be a good thing. Nonetheless, still more than 40% of respondents who, “received an annual cash bonus of more than $100,000.” So it seems like businesses such as the ones Dennis Carey play an active part in might just be the way to go when it comes to remaining unaffected – or at least minimally affected – by the recession.

5 Key Business Practices According to Dennis Carey

Dennis Carey is an esteemed executive recruiter who has authored three books about best business practices and who helps companies with, among other things, their CEO succession plans. He offers 10 key tips to help companies create smooth transitions when one CEO leaves and another arrives. Here, we will touch on five of Dennis Carey’s 10 recommended tips.

Dennis Carey Key Practices

When undergoing a CEO succession, Dennis Carey urges companies to take the human drama out of the process as much as possible. Certainly, this entire process is very difficult on the number two people in the company, and the less drama that there is, the better off everyone in the company will be.

Business Advice with Dennis Carey

Tie some of the CEO’s compensation to succession planning and progress so that the current CEO will feel responsible for helping with the smooth transition. Pay your directors in stock and let them know that you expect them to make additional investments in the company’s shares.

Finally, the last two tips include calibrating the internal candidates together with the external ones and developing a culture within the company that encourages succession.

Corporate Guidance from Dennis Carey

Dennis Carey recruits corporate leaders to fill the positions of CEO, Chairman of the Board, and Board members. He knows what it takes to bring a faltering company going through challenges up to the successful outcome they can achieve. Whether it is hard economic times or the natural event of executive corporate transitions, Dennis Carey will guide the company through it, helping to bring a positive resolution and outcome to the event.

Publications from the G100

In addition to the vast array of benefits provided by the G100 to its 100 or so CEOs, they also receive regular publications. Founded in the year 2000 by executive recruiter Dennis Carey, the G100 is a forum that meets biannually to discuss business and to offer a location for CEOs to learn from each other.

As part of the membership, CEOs receive a monthly memo that includes important news and concerns for CEOs. They also have a publication called Insights that is produced twice a year and that summarizes their meetings and has original, previously unpublished articles by some of the G100 advisors.

One month prior to each meeting, the G100 also sends each member a briefing book featuring articles and interviews to prepare for each upcoming session.

Advisors to the G100

In addition to the camaraderie and knowledge gained by the members of the G100, a private group for CEOs started by Dennis Carey in the year 2000, they also have an advisory group. This small group includes top advisory firms whose top representatives come to their biannual meetings. They work closely with the CEOs at the meetings to enhance the overall discussion and to focus the agenda.

The advisory members help the CEOs to focus their discussion and to look at real, applicable and relevant issues as they unfold in the business world today. Current advisors to the G100 today include: Accenture; Deloitte & Touche USA; Goldman Sachs; McKinsey & Co.; Merrill Lynch; SSA & Company; Skadden, Arps, Slate, Meagher & Flom; Spencer Stuart; The Parthenon Group; and Vedder Price.