With all the rhetoric about CEO pay excesses, it is surprising how few critics conduct rigorous analyses. Mr. Nasser is the Lead Independent Director and serves as Chair of the Compensation Committee and a member of the Audit Committee. Jacques Nasser Net Worth
In June 2006 he was appointed to the board the Australian mining company BHP Billiton, specifically BHP Billiton Limited and BHP Billiton Plc. " He currently serves on the boards of 21st Century Fox and Koç Holding. There are 5 executives at Fox getting paid more, with Rupert Murdoch having the highest compensation of $42,156,100. Mr. Nasser is the Lead Independent Director and serves as Chair of the Compensation Committee and a member of the Audit Committee. In its press release announcing his appointment, BHP Billiton cited John Buchanan, the board's senior independent director, saying: "Jac Nasser will make an excellent successor to Don Argus as Chairman.
 Over the following years Nasser would help implement a number of policy changes at BHP, including a large demerger and a cap on growth projects. He was Chairman of the Australian mining company BHP Billiton from 2010 to September 2017.
Mr. Nasser is the Lead Independent Director and serves as Chair of the Compensation Committee and a member of the Audit Committee. ", He diversified Ford's businesses to include e-commerce, junkyards, auto-repair shops, and car distribution among others.
38 Jacques Saade, Lebanon/France $1.2b 41 Ziyad Manasir, Jordan/Russia $1.1b 41 Mohammad Ibrahim, Sudan/UK $1.1b 41 Ayman Hariri, Lebanon $1.1b 41 Fahd Hariri, Lebanon $1.1b 41 Bassam Alghanim, Kuwait  On 22 May 2001, Bridgestone's CEO wrote to Nasser canceling the 100-year supply relationship between their companies, arguing Ford's tire recall was "casting doubt on the quality of Firestone tires. Smile, Jac Nasser’s Polaroid pay day. Jacques A. Nasser AC (Arabic: جاك نصر; born 12 December 1947) is a Lebanese Australian American business executive and philanthropist.
In our study, for the 250 companies with the same CEO in 1998 and 1999, the median increase in CEO base salary was 6.3 percent.  In July 2001, Nasser announced that the system was being changed to "allow for more flexibility. According to The Times, "Mr Nasser's appointment gives the Anglo-Australian miner access to a range of new contacts in the business world, particularly on Wall Street.  To reinvigorate certain brand lines, Nasser brought in car designer J Mays.
 Firestone responded by arguing that Ford Explorers had caused the accidents, not its tires, while Nasser defended the Explorer as one of the safer SUVs on the market.  Nasser also focused on maintaining the company's long-term financial goals, working to keep the balance sheet stable during a global downturn in the metals and oil markets, and revising the company's progressive annual dividend policy, which The Australian Financial Review dubbed strategic for the "new era.
In June 2006 he was appointed to the board the Australian mining company BHP Billiton, specifically BHP Billiton Limited and BHP Billiton Plc. ", According to CNN, Nasser was "point man" in the dispute between Ford and Bridgestone/Firestone Inc. over tire safety. Mr. Nasser is the Lead Independent Director and serves as Chair of the Compensation Committee and a member of the Audit Committee.  Dispute arose in the hearings over whether Ford and Firestone had known about similar problems in the 1970s and 1990s. In 1996, he headed Ford Automotive Operations.  He stated he would work to help Ford surpass GM in US market share, and would also try to make Ford less reliant on pickup truck sales. Jacques Nasser is 71, he's been the Lead Independent Director of Fox since 2019.
Nasser has been a director of Murdoch companies pretty much continually since he joined the board of BSkyB, News Corporation’s big British pay TV bet, in 2002.
KoÃ§ Holding A.S., through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally. , Nasser funds several scholarship programs that assist individual students, including the Jacques Nasser Scholarship in Entrepreneurship at RMIT University in Melbourne, the Jacques Nasser Scholarship for MBA students at the American University of Beirut, and the Jacques Nasser Scholarship at the INSEAD School of Business.
The company's consumer durables business offers white goods, televisions, and air conditioners under the ArÃ§elik, Beko, Leisure, Arctic, Altus, Blomberg, Defy, Elektra Bregenz, Flavel, and ArÃ§elik LG brand names. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations.  He attended Northcote High School.
 Nasser was on the board of British Sky Broadcasting from November 2002 to November 2012 and he served on the board of BuyTV.com. After serving as a Director of BHP Billiton Limited and BHP Billiton Plc since 2006, Mr. Nasser was appointed Chairman of both companies effective March 31, 2010.BHP Billiton is a global leader in the resources industry, formed from a merger between BHP and Billiton. He later joined Ford's International Automotive Operations.  He was promoted to vice president of Ford Motor Company in 1993 as well, becoming Ford's group vice president of product development in 1994.
 The scandal helped lead to a sharp dip in Ford's 2001 quarterly share prices.
He was Chief Executive Officer, President and a Director of Ford Motor Company from 1998 to 2001, after holding various executive positions in Europe, Australia, Asia, South America and the United States.  The Wall Street Journal claimed that "analysts welcomed the appointment," and that Nasser had possibly been selected because BHP was "looking for the stability of another long-term chairman.
The company added that the decision to appoint Nasser was agreed by the Board following an 18 month selection process. Jacques Nasser is 71, he's been the Non-Executive Independent Director of Koç AS since 2015.  He also would serve as chairman of One Equity's Polaroid Corporation subsidiary starting in July 2002, before selling the company in 2005. Jacques A. Nasser AC (Arabic: جاك نصر; born 12 December 1947) is a Lebanese Australian American business executive and philanthropist. After serving as a Director of BHP Billiton Limited and BHP Billiton Plc since 2006, Mr. Nasser was appointed Chairman of both companies effective March 31, 2010.BHP Billiton is a global leader in the resources industry, formed from a merger between BHP and Billiton.
 He also oversaw Ford's 1999 acquisition of Volvo for $6.45 billion, LandRover for $2.8 billion, and helped Ford start an "automotive e-business integrated supply chain.
 He speaks four languages: English, Arabic, Spanish and Portuguese.
 He was also dubbed "Black Jack" for his ability to keep numbers north of red.  He stated he would work to help Ford surpass GM in US market share, and would also try to make Ford less reliant on pickup truck sales. He subsequently was a partner at One Equity Partners (JPMorgan) and on the board of British Sky …
In recognition of his work for industry, as an adviser to government, and for education in the area of technology, he was awarded an Order of Australia and a Centenary Medal.  Nasser announced that he would transform Ford, according to The Economist, "from a boring old car maker" into a "consumer-products and services company". Fox Corp. delivers compelling news, sports and entertainment content. Its finance business provides various banking and financial products and services that include private banking, mutual funds, leasing, and credit cards under the KoÃ§finans, Yapi Kredi Bankasi, Yapi Kredi Faktoring, Yapi Kredi Leasing, Yapi Kredi KÃ¼ltÃ¼r Sanat Yayincilik, Yapi Kredi PortfÃ¶y YÃ¶netimi, Yapi Kredi Yatirim, Yapi Kredi Koray, and Yapi Kredi Bankasi brand names.
Nasser again denied that Ford had responsibility in the accidents, with Ono admitting some fault.
Mr Nasser’s other directorships and offices (current and recent) include: • Director of Newscorp’s British Sky Broadcasting Ltd (since November 2002), • Non-Executive advisory partner (since March 2010) of One Equity Partners 'JPMorgan Chase & Co's Private Investment Business' (Partner from November 2002 until March 2010), • Member of the International Advisory Council of Allianz Aktiengesellschaft (since February 2001), • Former Director of Brambles Limited (from March 2004 to January 2008).
He was also awarded the Order of the Cedars (Lebanon). Following a 33-year global career with Ford Motor Company, Jacques Albert Nasser served as a Member of its Board of Directors, President and Chief Executive Officer. He served as an Advisor to One Equity Partners LLP, a private equity firm, from 2013 to 2019, after serving as a Non-Executive Advisory Partner from 2010 to 2013 and a Senior Partner from 2002 to 2010. Perhaps this is because any thorough review demonstrates the close alignment between CEO pay and company performance.
 The following year he became a senior partner at One Equity Partners, the private equity arm of JPMorgan Chase.
The Economist pointed out the diversification was an attempt to increase profit margins, as "whereas car makers are lucky to scrape operating margins of more than 5% from actually making cars, other businesses such as leasing, renting, insurance, finance and car repair, can all achieve margins of 10-15%.  He was promoted to vice president of Ford Motor Company in 1993 as well, becoming Ford's group vice president of product development in 1994. Nasser has been a director of Murdoch companies pretty much continually since he joined the board of BSkyB, News Corporation’s big British pay TV bet, in 2002. Last updated: 9 October 2020 at 5:43pm EST.
In 1968, at the age of 20, Nasser joined Ford as an analyst in its Australian unit. " At the time, Nasser ranked No. The company's energy business operates petroleum refineries; distributes petroleum products and liquefied petroleum gases; and generates electricity through hydroelectric, natural gas, coal, thermal, and solar power and other renewable plants. The Other, Corporate and Eliminations segment consists of the FOX Studio Lot, Credible Labs Inc, corporate overhead costs and intracompany eliminations. , Nasser helped in the negotiations of Ford's South African joint venture program in 1982.  The scandal helped lead to a sharp dip in Ford's 2001 quarterly share prices.  After an investigation in early 2000 found that tread separation on Firestone tires had led to fatalities in some Ford Explorers, Nasser appeared on prime-time television to announce a product recall allowing Ford owners to change the affected tires for others.  At four years of age Nasser moved with his family to Melbourne, Australia.
 In October 2001, the 53-year-old Nasser retired from his position as Ford's CEO.  At four years of age Nasser moved with his family to Melbourne, Australia.
[third-party source needed] He also has been known to support organizations such as Focus: HOPE, a training center in Detroit. There are 5 executives at Fox getting paid more, with Rupert Murdoch having the highest compensation of $42,156,100.
In 2008 he received the Ellis Island Medal of Honor for outstanding contributions to American Society. On 5 December 2012, Smart Company named Nasser No.
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