Eric Pillmore on Tyco and corporate governance 20100312
INSEAD
Published at : 31 Oct 2021
Published at : 31 Oct 2021
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"Shareholders are screaming. The stock price has dropped from $60 to $7 a share. The press is hitting you every day with requests for info on the turnaround of the company. The prior management is still there, wondering about their futures. The prior board is there, wondering about their futures. And you're there, trying to bring some order to this chaos."
That's how Eric Pillmore describes a typical day at the office when he stepped into the corporate governance role at Tyco early in August of 2002.
That's how Eric Pillmore describes a typical day at the office when he stepped into the corporate governance role at Tyco early in August of 2002.
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