An unusual race to become Glaxo's next CEO

Article Abstract:

UK pharmaceutical firm GlaxoSmithKline PLC has hired consultants outside the firm to evaluate leadership qualities of its internal candidates for the chief executive officer position. Candidates are European pharmaceuticals president Andrew Witty, US pharmaceuticals president Chris Viehbacher, and global pharmaceuticals operations president David Stout. The selection process is being discussed with shareholders, and Jean-Pierre Garnier is giving each of them specific tasks to assess their skills.

Pharmaceutical preparations, Personnel administration, United Kingdom, Human resource management, Pharmaceutical industry, Company personnel management, GlaxoSmithKline PLC

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Morgan Stanley to-do list: Get boss, strategy

Article Abstract:

Chief Executive Officer Philip Purcell of Morgan Stanley of the United States has resigned and the company may be planning to divest one or more of its business units. Mr. Purcell was the champion of the financial "supermarket" banking approach that has since fallen into disfavour with Wall Street. Morgan Stanley's shares are down 12 percent since 2004 and closed yesterday at $50.88 on the New York Stock Exchange.

Commercial Banks, Management dynamics, Banking industry, Industry Overview, Management, Company Profile, Company business management, MWD, Morgan Stanley, Purcell, Philip

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Liz Claiborne names pharmaceutical executive as CEO

Article Abstract:

Following the current trend to hire from outside the industry, Liz Claiborne Inc. has appointed William L. McComb to the position of CEO. Mr. McComb was formerly an executive at pharmaceutical company Johns on & Johnson.

APPAREL AND OTHER TEXTILE PRODUCTS, Clothing industry, Liz Claiborne Inc., McComb, William L.

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