Tough at the Top

The turn of events at GE highlights the tenuous role of the CEO. John Flannery, the recently deposed CEO of GE, spent 25 years working his way through the ranks within striking distance of the top job. Then he was engaged in a four-year bakeoff against four rivals in a succession process led by the Board that landed him the top job. Alas, Flannery had a meager fourteen month stint that ended in his dismissal after missing financial targets and the pace of change. The real issues was that GE shares tumbled by half during his tenure, and it probably was not his fault. Enter GE’s next CEO, Larry Culp who took the baton with the stock at $13.00 and it closed yesterday at $8.42, not a good sign for Culp. According to the research firm Equilar, Inc. the median tenure for CEOs is five years for American large-cap companies, and declining. The bottom line is that Boards are increasingly quick to make a change which is an extension of the quarter-to-quarter stress test that the CEO has to navigate. It’s tough at the top.

Job Listings

SPONSORED JOB

B6 REAL ESTATE ADVISORS Investment Sales Agent

(NEW YORK & NEW JERSEY) Duties include: analyzing market data and trends to educate and advise clients; developing business and negotiating the sale of commercial real estate properties for clients/owners; and securing new business opportunities through prospecting, networking, relationship building.

FRITZ DUDA Chief Financial Officer/Executive Vice President

(DALLAS, TX) Position will oversee all aspects of financial management and planning including cash flow, budgeting, forecasting, performance, risk management, treasury, long-term debt, and analyses of financial reports, projects and development opportunities.

EY Transaction Advisory Services Senior Manager – Transaction Real Estate

(LOS ANGELES, CA) Position will work on strategic or operational issues, working with management on parts of the acquisition process and regularly undertaking valuations for strategic priorities, with a focus commercial real estate.

BRIXMOR Sr. Financial Analyst

(NEW YORK, NY) The Senior FAM Analyst will assist with budgeting, reforecasting and asset management to a portfolio of properties, providing financial analysis and support to the FAM Director and leasing Vice Presidents on portfolios of ~120 open air shopping centers consisting of ~20+ million square feet.

GREYSTAR Director, Investor Relations

(CHARLESTON, SC) Position will lead client service and venture management efforts for Greystar. Director role within the investor relations team requires the development of close collaborative relationships with the senior executive team, portfolio management and investment teams, investment accounting, legal/project finance and strategy and research teams with the aim of delivering high quality service and information to existing and prospective investors.

TEJON RANCH Director of Construction

(TEJON RANCH, CA) Director of Construction will assist in the daily management of the engineering, construction and operational activities for the Tejon Ranch Commerce Center; provide on-site management and tracking of all activities within the Tejon Ranch Commerce Center; and help support planning and engineering efforts at the Mountain Village project.

NATIONAL ASSOCIATION OF HOME BUILDERS Program Manager, Codes and Standards

(WASHINGTON, DC) Manager will participate in the construction codes and standards development process. Individual will represent NAHB at various codes and standards development organizations and conduct critical analyses of proposed code changes primarily covering plumbing, mechanical and fuel gas.

COLLIERS INTERNATIONAL Region Facilities Technician

(SAVANNAH, GA) Technician will coordinate and complete system and building repairs and preventative maintenance requirements in a timely manner; perform general maintenance requirements of buildings including but not limited to: HVAC, Plumbing, Electrical, and other general building related systems and equipment; and provide ongoing assistance and support to the Chief Engineer in all aspects of site operation and maintenance.

CITY OF RIVERSIDE Community and Economic Development Director

(RIVERSIDE, CA) Position is a key member of the City Manager’s Executive Leadership Team and manages the day-to-day activities of the Community & Economic Development Department. Key responsibilities include advancing the City’s economic development and city planning priorities, ensuring efficient and effective community development services in partnership with other City departments and regulatory agencies, and implementing continuous improvement of development review systems and practices.

INVENTRUST PROPERTIES Senior Financial Analyst

(DOWNERS GROVE, IL) Position will conduct research and financial analyses to support the acquisition of open air retail shopping centers and disposition of non-core properties while collaborating with internal departments and brokers during the transaction process.