Ousted Yahoo! CEO Blames Heidrick & Struggles in Fake Education Credential Fiasco
Monadnock Research (Vol V, No 11) - 14 May 2012
Yahoo's CEO is the latest executive to get caught in a "falsified education credentials" (FEC) scandal. Scott Thompson, Yahoo!'s former CEO, resigned that position and his Board seat for undisclosed personal reasons after his attempt to blame Heidrick & Struggles backfired. Thompson's misconduct remains under investigation for making a false claim that he had a degree in Computer Science from a small Massachusetts-based institution. That school, Stonehill College, was not granting Computer Science degrees when Thompson graduated with a claimed dual Accounting/Computer Science major. Even after having the misrepresentation brought to his attention, Thompson attempted to down-play it by shifting blame to a junior associate at Heidrick & Struggles, the executive search firm that managed his 2004 placement at PayPal. Thompson allegedly claimed he was unaware of the bogus education claims in his bios since then, despite obvious evidence to the contrary in recent SEC filings. Heidrick & Struggles, who was not involved in Thompson's appointment at Yahoo!, took the extraordinary step of providing Yahoo!'s management with confidential information refuting Thompson's claims of its involvement in the FEC misstatement. The £200 million UK judgment against Hewlett Packard related to a former SHL Systemshouse/EDS employee's fake education assertions highlights the risks facing companies that do not properly vet even lower-level job candidates. (Research Note includes MR perspective, supporting documents and details on professional services litigation related to falsified education credentials.) (1,835 words) . . . More
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Heidrick & Struggles appoints Anne Lim O'Brien, Vice Chairperson, Global C&O and Board of Directors Practice; Names 11 Partners and 16 Principals.
Monadnock Research - 4 April 2012
Heidrick & Struggles has appointed Anne Lim O'Brien as Vice Chairman within the Global CEO & Board of Directors Practice at Heidrick & Struggles. Heidrick & Struggles also names 11 Partners and 16 Principals. Partner appointments: Matt Aiello, Information Officers Practice - Washington, D.C.; Alessandra Bassetti, Consumer Practice - Milan; Immo Futterlieb, Industrial Practice - Munich; Jenni Hibbert, Financial Services Practice - London; Mark Kim, Consumer/Life Sciences Practices - Seoul; Michael Krot, Leadership Consulting - San Francisco; Catherine Lefebvre, Global Technology & Services Practice- Paris; Srinivas Maddali, Life Sciences Practice - New Delhi; Emma Porteous, Consumer Practice - London; Steve Stine, Global Technology & Services Practice - Singapore; and Ben Tucker, Education & Social Enterprise Practice - London. Principal appointments: Alyse Bodine, Financial Officers Practice - Philadelphia; Bill Bryan, Financial Services Practice - New York; Joshua Clarke, Global Technology & Services Practice - Boston; Michelle Doo, Education & Social Enterprise Practice - Hong Kong; Julian Ha, Legal, Risk Compliance & Government Affairs Practice - Washington, D.C.; Yuki Handa, Global Technology & Services Practice - Tokyo; Rachel Metson, Education & Social Enterprise Practice - Wellington, New Zealand; Renee Neri, Financial Services Practice - New York; Henry Osborn, Consumer Practice - Tokyo; Michael Otte, Supply Chain/Industrial Practices - Atlanta; Christian Roedermund, Consumer Practice - Dusseldorf; Stephen Schwanhausser, Marketing, Sales & Strategy Officers Practice - New York; Kerry Shepherd, Education & Social Enterprise Practice - London; Niren Thanky, Life Sciences Practice - London; Yu-Chieh Wang, Life Sciences Practice - Atlanta; and Jeremy Zeman, Financial Services Practice - Chicago.(375 words) . . . More
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Consulting Leadership News: Roland Berger Strategy Consultants, Simon Kucher, Heidrick & Struggles, KPMG, PricewaterhouseCoopers, Ernst & Young, Capgemini, FTI Consulting, Charles River Associates, Aon Hewitt, Celerant, CACI, CSC and Booz Allen
Monadnock Research - 15 December 2011
Roland Berger opens offices in Jakarta, Dubai and Lagos; Appoints 26 new international Partners; Partners elect two new Supervisory Board Members. Simon-Kucher appoints 8 new Partners. FTI opens new office in Jakarta. Rebecca Szelc joins Charles River as a Vice President in Financial Accounting & Valuation practice. Linda Zimmerman joins Aon Hewitt as Senior Vice President and Global Marketing Leader. KPMG appoints Janet Davidson as Head of the Global Healthcare Center of Excellence. PricewaterhouseCoopers names Erik Hansen as Partner in Risk Assurance Services practice; Pamela F. Olson joins as Deputy Tax Leader and Leader of Washington National Tax Services practice. Capgemini Appoints Dee Burger as Telecom, Media and Entertainment Practice Sector Lead and Jean-Marc Steffann as Vice President. Navigant appoints Jim Vint Managing Director, and Kevin Blake and Kevin Byrne as Directors within the Technology Solutions practice; Karin Corfee as Managing Director in Energy Practice. Ernst & Young appoints Brendan LeBlanc as Executive Director in Americas Climate Change and Sustainability Services practice, and Chris Walker as Associate Director. Celerant appoints Neil Eurick as Vice President in Global Metals and Mining Practice. Mike Shove named COO CSC Managed Services; Andrew Anker appointed President, CSC Asia Group Operations; Chris DePippo named Vice President, Chief Ethics and Compliance Officer. Booz Allen Appoints Thad Allen as Senior Vice President. CACI US President, William Fairl, to Retire, Moves to Chief Development Officer Role; CACI COO, Daniel Allen, elevated to President of US Operations; Krisstie Kondrotis as Executive Vice President, Business Development. Booz Allen Appoints Thad Allen as Senior Vice President. (6,800 words) . . . More
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2011 HR Consulting Rates
Monadnock Research (Vol IV, N 23) - 23 July 2011
This Research Note includes the findings a client study of Human Resource (HR) consulting rate structures across a number of industries. More than 85 percent of the rates analyzed were from global entities, including a total of 45 firm-rate structures. All were from organizations that fall within the 1,000 largest global organizations. This report presents statistics across 15 professional classifications, including a percentile analysis for each labor class and detailed descriptive statistics. Rates from firms that were a subject of this analysis include Accenture, ACS, AON Hewitt, Booz&Co, Capgemini, Deloitte, Hay, IBM, Mercer, North Highland, Plus Delta, PA, Point B, PwC, and Towers-Watson. (1 graphic, 16 tables, 6,980 words) . . . More
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SEC Proposes Rules for Compensation Consultant and Advisor Selection and Conflict of Interest Disclosure
Monadnock Research - 30 March 2011
MR - The U.S. Securities and Exchange Commission is proposing a new rule and rule amendments to implement provisions of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (WSRCPA), adding Section 10C to the 1934 Exchange Act. The proposed rule requires the commission to adopt new disclosure rules concerning the use of compensation consultants and conflicts of interest. Section 10C also directs exchanges to establish listing standards that require each member of a listed company's compensation committee to be an "independent" member of its board, as defined in the listing standards of the exchanges adopted in accordance with the proposed rule. (690 words) . . . More
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Consulting Leadership News: Hewitt, Deloitte, Heidrick & Struggles, CRAI, Diamond, FTI, ADL, PAREXEL, Bain, Segal, Sapient, Navigant, Pearl Meyer, RBF, Hill, NERA, EquaTerra, Ernst & Young, Mercer, KPMG, and Protivity
Monadnock Research - 18 June 2010
MR - Hewitt Associates appoints co-leaders of North American Executive Compensation Consulting practice. Deloitte appoints U.S. Retail practice leader and Vice Chair. Heidrick & Struggles continues its strategic diversification into complementary leadership consulting areas by naming two Principals within its Global Technology & Services Practice. Charles River Associates makes 8 senior level appointments in Transfer Pricing Practice. U.S. Federal practice leader re-joins Diamond after working as general manager of FCC National Broadband Plan. FTI Consulting appoints Senior Managing Director and Asia Pacific Leader. Arthur D. Little names Managing Director of ADL Spain and Director of ADL China. PAREXEL appoints two former regulators as Principal Consultants. Bain Private Equity Partner joins New York practice. Segal appoints new CIO. Sapient appoints chief information security officer. Navigant Consulting appoints Managing Director within Navigant Economics group; Managing Director in Global Construction practice. Pearl Meyer & Partners appoints two Managing Directors. RBF Consulting promotes eighteen new Associates. Hill appoints Vice President of Project Management Operations. NERA Economic Consulting appoints Special Consultant. EquaTerra appoints real estate and facilities management advisor to RE&FM Practice. Former IRS hedge fund enforcement executive joins Ernst & Young's Financial Services Office. Mercer appoints Principal in London Health & Benefits practice. KPMG will bring nearly 375 jobs to its office in Fairfax County Virginia. Protivity experiments with client environment simulations for 2010 summer intern training. (5,410 words) . . . More
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Consulting Leadership News: Deloitte, Heidrick & Struggles, Capgemini, Celerant, A&M, Hewitt, CRAI, Ernst & Young, and Satyam
Monadnock Research - 2 April 2009
Deloitte appoints Deputy Managing Partner with responsibility for Professional Practice Network. Heidrick & Struggles names Vice Chairman and Managing Partner of newly combined global CEO and Board practices. Capgemini names eight VPs. Hitachi Consulting appoints President and CEO. Celerant names senior vice president of strategy. Alvarez & Marsal makes executive appointments and expands pan-European financial institutions team. Global Health Management consulting leader rejoins Hewitt. E&Y to cut compensation of Irish staff by 7.5 percent. Satyam may have lost close to 25 percent of staff since January. (subscription required) . . . More
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Heidrick & Struggles Launches Chief Advisor Network
Monadnock Research - 25 March 2009
Heidrick & Struggles has launched its "Chief Advisor Network" to meet what the firm sees as growing demand for experienced leadership. The network includes proven C-Suite and senior executives that can be brought in quickly to address immediate internal or external developments, from the sudden departure of a C-Level executive to a new market opportunity. . . . More
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Consulting Leadership News: Alvarez & Marsal, Aon, TCS, Steria, Judge Group, Huron, Sinaiko, Utimaco, KPMG, and Heidrick & Struggles
Monadnock Research - 16 January 2009
MR - Alvarez & Marsal has appointed a managing director in the firm's dispute analysis and forensic services practice, and has named six former E&Y professionals to its transaction advisory practice. Aon Consulting has appointed Mark Oshima, Francois Choquette, Will Sneden, and Joe Clouse as senior vice presidents. Tata Consultancy Services to name new CEO. Steria appoints CEO of France operation. Judge Consulting Group appoints new president. Huron Consulting Group names two managing directors. Sinaiko Healthcare Consulting appoints managing director of reimbursement services. Utimaco names executive vice president, world-wide professional services. KPMG's U.K. affiliate offers sabbaticals or a 4 day work week to to avoid layoffs. Heidrick & Struggles clarifies major shift in strategy, and will layoff 12 percent of its workforce and close offices. . . . More
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Consulting Leadership News: McKinsey, KPMG, Mercer, Proudfoot, Capgemini, Huron, ICF International, CantorCO2e and Heidrick & Struggles
Monadnock Research - 9 January 2009
MR - Former McKinsey partner joins Obama staff as chief performance officer. KPMG Europe appoints Chief Operating Officer. Mercer names new head of its human capital consulting business in Europe and the Middle East. Proudfoot Consulting names Global Head of Operations. Capgemini appoints four vice presidents in its management consulting organization. FTI consulting appoints Senior Managing Director to establish economics practice in Europe. Huron Consulting Group appoints 18 managing directors. ICF International appoints director of global recruiting. CantorCO2e appoints vice president and director of North American Sustainability Strategies practice. Heidrick & Struggles to cut staff by 15 percent. . . . More
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Navigant Consulting CFO Scott Krenz Poached by Heidrick & Struggles
Monadnock Research - 9 July 2008
MR - Navigant Consulting announced that Scott Krenz, the firm's Executive Vice President and Chief Financial Officer, has submitted his resignation effective 1 August 2008. Executive search and leadership consultancy Heidrick & Struggles later announced that it has appointed Krenz as its CFO. Krenz will assume the position vacated by Eileen A. Kamerick, when she left Heidrick & Struggles to join BearingPoint as CFO, but abruptly resigned last week after just 3 weeks on the job. . . . More
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BearingPoint CFO Resigns After Three Weeks on the Job
Monadnock Research - 6 June 2008
Monadnock Research Note: Eileen A. Kamerick, BearingPoint's chief financial officer, resigned on 2 June, just three weeks after joining the firm. According to BearingPoint CEO Ed Harbach's sworn statement in a recent SEC filing, "Kamerick's decision was not based on any disagreement with the Company's accounting principles or practices, financial statement disclosures or otherwise." . . . More
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