AT THE RITZ-CARLTON, HALF MOON BAY
For the third year in a row, the Stanford Rock Center for Corporate Governance invites you to attend a special session at the Ritz-Carlton, Half Moon Bay, on Sunday, June 23, 2013, from 8:30 AM – 3:30 PM.
This year’s topic will be What Boards Can Learn from Professional Sports Franchises.
There is a strong similarity between the challenge of running a publicly traded corporation and running a major sports franchise. Just as half of all publicly traded corporations will underperform the market, so too will half of all sports franchises. Just as managers of publicly traded firms complain that the market over-emphasizes short term results, sports teams are often subject to pressure to “win now.” Just as corporations are criticized for over-compensating CEOs and other high level personnel, sports franchises are blamed for overpaying star payers (or for not paying enough to attract or retain star players). And, just as corporations are subject to diverse and often conflicting pressures from a range of constituencies, whether it is shareholders looking for greater immediate stock price returns, advocates seeking to promote social policy agendas, or activists wanting to oust a CEO, sports franchises are also subject to differing pressures from owners who want to show a profit, fans who want to pay less for seats and beer, players who would like to see payrolls increase, and pundits who seem to know how to manage the team far better than actual ownership or management.
Bill Neukom, the former general counsel of Microsoft and former managing partner of the World Championship San Francisco Giants, and Gideon Yu, former treasurer of Yahoo, former CFO at Facebook and YouTube, and current president of the soon-to-be World Championship San Francisco 49er’s, are among the most qualified persons in the world to discuss the parallels between the worlds of professional sports and corporate management, with particular emphasis on lessons that corporations can learn from professional sports. Bill and Gideon will be hosting this special Sunday morning session of Directors’ College XIX.
Following the session participants will have a choice between a round of golf or wine tasting. All registrants in the Sunday Session will be provided transportation to and from the Ritz-Carlton in Half Moon Bay and the Stanford Park Hotel in Palo Alto and lunch.
Session Rate: $500.00
The Sunday Session is sponsored by Silicon Valley Bank.
Please note the cancellation policy for the Sunday Session. To read it, click here.