The Technician
- Our Pick:
- Ursula Burns, 50
- Current Position:
- President, Xerox
- Background:
- Burns has climbed the corporate ladder on a path few others can claim. She began as a summer intern at Xerox 28 years ago and is now president and a board member. She is widely considered to be in line for CEO.
- Current Board Seats:
- Xerox, American Express, Boston Scientific, the U.S. Olympic Committee, MIT, the University of Rochester, CASA (the National Center on Addiction and Substance Abuse) at Columbia University, and FIRST (For Inspiration and Recognition of Science Technology)
- Board Specialty:
- Although she’s often lauded for her ability to navigate contentious situations — Burns led Xerox’s union negotiations in 2002 and 2005 and helped orchestrate the company’s comeback from near-bankruptcy — it’s Burns’ technical background that sets her apart in the boardroom. An engineer by trade, Burns received a master’s in mechanical engineering from Columbia University, and later held product development and planning positions within Xerox’s engineering division. That background is valuable to tech-focused companies like Boston Scientific, where Burns chairs the compliance and quality committee.
- Key Successes: Since her April 2007 election to the board, Xerox has made several key acquisitions. One notable deal is the purchase of equipment distributor Global Imaging Systems, which significantly expanded Xerox’s sales force and customer database.
The Audit Wonk
- Our Pick:
- J. Michael Cook, 64
- Position:
- Retired chairman and CEO of Deloitte & Touche
- Background:
- Cook left the accounting world in 1999 before the corporate scandals of 2000, making him a retired auditing chief executive with a squeaky-clean reputation.
- Current Board Seats:
- Comcast, Eli Lilly, International Flavors & Fragrances
- Boardroom Specialty:
- With Sarbanes-Oxley mandating increased financial disclosure for public companies, boards are on the lookout for the likes of Cook, who can add extensive auditing experience to the boardroom mix.
- Key Successes:
- Cook chairs the compensation committee at IFF and is a top financial expert at the cable company Comcast. He also chairs its audit committee and is a member of the executive and finance committee. Cook joined the Comcast board in 2002 and led the company through a regulation shift and the partial acquisition of the assets of the ill-fated cable provider Adelphia. He also leads the audit committee and is a member of the finance committee at Eli Lilly, which is facing a possible billion-dollar fine in response to the allegedly illegal promotion of antipsychotic drug Zyprexa.
The Moral Compass
- Our Pick:
- Charles Elson, 48
- Current Position:
- Director, John L. Weinberg Center for Corporate Governance, University of Delaware
- Background:
- Owing to his high-profile academic position, Elson — widely quoted during the bailout controversy in September — is known for both his sparkling reputation and his relentless commitment to maximizing shareholder value.
- Current Board Seats:
- HealthSouth, AutoZone
- Boardroom Specialty:
- Considered one of the nation’s top experts on governance issues, Elson has staunchly advocated for independent consultants to determine executive pay and the compensation of directors, and he’s fought for new legislation to increase corporate accountability.
- Key Successes:
- The embattled healthcare services provider HealthSouth elected him to its board in 2004, after weathering a massive accounting-fraud scandal. Since then, the company has sold its outpatient, surgery, and diagnostic divisions, lowering debt levels to $1.6 billion below what they were in 2007. Elson also sits on the board of AutoZone, an automotive parts retailer, where he is the nominating and corporate governance committee chairman.
The Finance Whiz
- Our Pick:
- Susan Decker, 44
- Current Position:
- President, Yahoo
- Background:
- Decker was an equity analyst at Donaldson, Lufkin & Jenrette for 14 years and CFO of Yahoo for five. Since becoming president, she has had the unenviable task of fending off repeated takeover attempts by Microsoft and of ensuring that her company isn’t destroyed by archrival Google.
- Current Board Seats:
- Costco Wholesale, Intel Corporation, Berkshire Hathaway
- Boardroom Specialty:
- As the CEO who resurrected Yahoo after the dot-com bust, Decker is known as one of few individuals to bring financial accountability to the often-undisciplined world of new media. For this reason, she's a highly sought-after director at the relatively young age of 44.
- Key Successes:
- Decker serves on the nominating and corporate governance committee at both Costco and Intel. Last year, she added Berkshire Hathaway to her list of appointments, putting her on the same board as a familiar foe: Microsoft co-founder Bill Gates.
The Image Maker
- Our Pick:
- Andrea Jung, 49
- Current Position:
- Chairwoman and CEO, Avon Products
- Background:
- When the cosmetics giant’s earnings slipped in 2005, Jung gave the company a facelift by cutting staff, reducing costs, and increasing ad spending by $600 million. The result? Avon brought in more than $9.9 billion in revenue last year, a 22 percent increase from 2005.
- Current Board Seats:
- Avon, Apple, GE, and the nonprofit Catalyst
- Boardroom Specialty:
- Jung earned her reputation as a marketing genius by transforming the image of Avon from a stuffy 122-year-old “ladies line” to a more hip and glamorous makeup supplier, with products endorsed by celebrities like Reese Witherspoon and Lauren Conrad. That metamorphosis, combined with her track record as a CEO, makes Jung an attractive board candidate to image-obsessed corporations like GE and Apple, where she became the first female director in over a decade.
- Key Successes:
- Jung serves on both the nominating and corporate governance committees at GE, as well as on its management development and compensation committees. As a director since 1998, Jung has overseen the company’s transition from consumer products giant to media conglomerate, including the 2004 formation of NBC Universal, of which GE has 80 percent ownership.
Directorship magazine contributed to this report. For more on today’s best board directors, see their recent report “Directors to Watch: 50 Under 50.”
