McPherson takes new job with Dow Jones



Wuestion: Are you being groomed to become the company's next CEO? Answer. Peter McPherson: It's not that at all. I am not a full-time employee. Major corporations have been separating the chair of the board and the jobs. Part of the good governance efforts is that there should be a separation of responsibility for the board to perform its functions well. Previous to now, we generally had the CEO be the chairman of the board, but now the decision is we will have a separate function. Peru RPCV Peter McPherson is a former deputy secretary of the U.S. Department of the Treasury, former President of Michigan State University, and is now Chairman of the Board of Dow Jones, Publishers of the Wall Street Journal.

McPherson takes new job with Dow Jones

McPherson takes new job with Dow Jones

By KRISTI JOURDAN

The State News

Former MSU President M. Peter McPherson will be named chairman of the board of Dow Jones & Co. on April 18, according to Editor & Publisher. He currently serves as the company's independent director and will replace retiring chairman Peter Kann.

The State News: President McPherson, what will your responsibilities include with this new position?

M. Peter McPherson: I'll be working with the CEO to get the major issues that the board should decide on, on the agenda and being sure we have a process that makes those decisions. It is definitely not a CEO job because, of course, the CEO must run the corporation.

SN: How will you juggle your new position as chairman of the board with your position as president of the National Association of State Universities and Land-Grant Colleges?

M. Peter McPherson: I'll just work hard. I will remain as I am, and very pleased to be doing so. It should take a major effort.

SN: Are you being groomed to become the company's next CEO?

M. Peter McPherson: It's not that at all. I am not a full-time employee. Major corporations have been separating the chair of the board and the jobs. Part of the good governance efforts is that there should be a separation of responsibility for the board to perform its functions well. Previous to now, we generally had the CEO be the chairman of the board, but now the decision is we will have a separate function.

SN: What is Dow Jones & Co. best known for?

M. Peter McPherson: Dow Jones publishes The Wall Street Journal, owns something called linkMarketWatch, which is a Web-based financial Web site for individuals. We also publish publications in Asia, there's Dow Jones Europe and we have joint ownership with something in Russia. It's a multinational set of publications, and we really are a significant source of business news certainly in this country and around the world.

Links to Related Topics (Tags):

Headlines: February, 2007; RPCV Peter McPherson (Peru); Figures; Peace Corps Peru; Directory of Peru RPCVs; Messages and Announcements for Peru RPCVs; Economics; Business; Journalism

When this story was posted in March 2007, this was on the front page of PCOL:




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History of the Peace Corps PCOL is proud to announce that Phase One of the "History of the Peace Corps" is now available online. This installment includes over 5,000 pages of primary source documents from the archives of the Peace Corps including every issue of "Peace Corps News," "Peace Corps Times," "Peace Corps Volunteer," "Action Update," and every annual report of the Peace Corps to Congress since 1961. "Ask Not" is an ongoing project. Read how you can help.

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