January 2016 Posts

Should CEO candidates have to pass a physical?

There has been quite a bit of discussion in regards of CEO’s and their overall health, especially due to the fact that there have been a host of people who have been named CEO’s of various companies, who have fallen ill, or have had big time health problems right out of the gate. One major CEO ended up having to have a heart transplant after just a month into his position, which has raised a lot of eyebrows and has led to the discussion of whether or not certain CEO’s should have to undergo a process of proving that they are healthy and qualified to take the position that they are being offered.
A physical exam is something that may be required in the future, but this is something that really has not been of much concern in the past. Most boards that are looking to hire a CEO will go ahead and hire the candidate that they are most interested in, regardless of whether or not they have passed a physical exam or not. However, there is no question that if a CEO ends up getting sick or can’t work for any reason, the company can literally be compromised for a while. This could end up having a detrimental effect on the company, which could in turn affect the lives of each and every person that is working at the company. CEO recruiters like Dennis Carey (https://www.linkedin.com/in/denniscarey) of Korn/Ferry have weighed in on the subject, bringing up the fact that companies sometimes invest heavily into finding a CEO.

 

The interesting thing about this situation and this type of discussion is the fact that most CEO’s are older, as they have had to build the skills that are necessary to hold this type of position, likely over the course of the majority of a career. This means that this type of discussion may be necessary for companies across a broad spectrum, so there is a lot of validity when it comes to questioning whether or not there should be a process of evaluating potential CEO’s health and also making them go through a physical exam before they are hired. It does not look like this is something that is going to take off in the short term, but only time will tell if CEO’s will be required to pass a physical exam in the future. Chances are, if there are CEO’s that start to drop like flies, this might become more important, but for right now, a physical exam is not something that looks to be required for the hire of most CEO’s.

West Virginia’s Leading Industries

West Virginia is an attractive location for a number of different industries. In fact, the state has successful businesses in many sectors. Four of West Virginia’s primary industries include energy, chemical manufacturing, automotive, and aerospace. The state’s location in the middle of the north east region provides great access for truck and train traffic for incoming supplies and outgoing products. There are also hundreds of miles of navigable water ways including access to the great lakes for shipping products. This state also has an extremely low employee turnover, which is one of the many drivers for companies to do business in West Virginia.

Energy is another huge business sector for West Virginia and is made up of both old and new companies. The number two provider of coal in the United States and a huge natural gas producer this state is also developing a wind energy sector very quickly. Home to Beach Ridge Energy, LLC wind farm and three wind farms in additions to more permits for wind farms being filed this is a huge sector of business for this state. The Appalachian Power Company is also produces and provides electricity here. In Charleston, independent oil producer, Cunningham Energy has successfully been exploring and extracting oil.

The automotive industry is another large business sector in West Virginia. There are at least nine fairly large to large companies in West Virginia involved in the automotive industry. Gestamp, Toyota Motor, NGK spark Plugs and Diamond Electric are just a few.

The fastest growing large business sector of West Virginia has to be the aerospace industry. These type companies are attracted by the availability of natural resources and experienced workers in the area. There are several aerospace companies in the state and more expected to locate here. Lockheed Martin has a facility here, as well as, Alliant Technologies, Aurora Flight Services, and Bombardier Aerospace to name a few companies here in the aerospace industry.

In the chemical manufacturing industry, West Virginia has over 140 different companies, according to the West Virginia Department of Commerce. One of the reasons for a thriving chemical industry is an abundance of natural resources available in West Virginia. Some of the successful companies that do business here are DuPont Belle, Stockmeier Urethanes USA, and Bayer Material Science. These three companies alone provide almost 600 jobs to the state. This is an industry which provides nearly one fourth of the states multi-billion dollars exports to international consumers

West Virginia is a great state for businesses to locate due to its abundance of natural resource and employee traits. There is also a favorable tax situation for many businesses. The economy of this great state will keep growing well into the future.