Robert B. Stobaugh

Charles Edward Wilson Professor of Business Administration, Emeritus

Professor Stobaugh has written extensively on corporate governance, which includes the activities of a company's board of directors and its top officers as well as parent-subsidiary relationships. He also consults and provides expert testimony. A federal judge referred to him as "...one of the nation's foremost experts in corporate governance."

A faculty member at Harvard Business School for 29 years, he taught in the executive, MBA, and doctoral programs and served as chairman of the doctoral programs. His teaching dealt with problems faced by corporate directors and executives. He has received the School's highest honor--its Distinguished Service Award.

He now is on the faculty of Rice University, where he teaches a course on corporate governance to managers. He also is a director of the National Association of Corporate Directors (NACD), a non-profit organization that helps directors improve the functioning of their boards. He has served on five NACD Blue Ribbon Commissions, which produce reports on best practices: Director Professionalism (member), Director Compensation (chair), Corporate Strategy (co-chair), and Risk Oversight (vice-chair), and Executive Compensation (vice-chair). As a member of the NACD Faculty, he teaches seminars for directors.

Stobaugh has served as a director of eleven different companies in a variety of industries--software, consulting, radio, cable television, retailing, high-technology materials, construction, plastics, chemicals, oil and gas, coal, housewares, and writing instruments. The companies have ranged in size from a start-up company to a $14-billion firm. He has served more than 100 cumulative years as a board member. He also chaired the Advisory Board of a large European firm that operated in several industries, including pharmaceuticals and financial.

In his extensive experience in Washington, he has met with a President of the United States and has worked with a Presidential Task Force and a Presidential Advisory Committee. Stobaugh has consulted with the Departments of Commerce, Energy, Justice, State, and Treasury. He has testified nineteen times before Congressional committees, including testimony on governance of the Internal Revenue Service.

He is a member of the Council on Foreign Relations and a Fellow and past-president of the Academy of International Business. He is listed in Who’s Who in America and is a member of the Hall of Distinction of Louisiana State University.

He has authored, co-authored, or edited eighteen books and monographs. His publications have been reported on the front page of the Wall Street Journal and The New York Times.

Prior to joining Harvard, Professor Stobaugh worked as a manager for three companies that operated worldwide--Exxon, Caltex, and Monsanto. He resided in Louisiana, Venezuela, New York, Bahrain, London, and Texas.

Professor Stobaugh received a B.S. from Louisiana State University and a Doctor of Business Administration from the Harvard Business School. (5/04)

Books

  1. Report of the NACD Blue Ribbon Commission on the Role of the Board in Corporate Strategy

    Keywords: Corporate Strategy; Managerial Roles;

    Citation:

    Stobaugh, Robert B. Report of the NACD Blue Ribbon Commission on the Role of the Board in Corporate Strategy. Washington, D.C.: National Association of Corporate Directors, 2000. (Co-Chairman of 41-person Commission.) View Details
  2. Report of the NACD Blue Ribbon Commission on Director Professionalism

    Keywords: Management Teams;

    Citation:

    Stobaugh, Robert B. Report of the NACD Blue Ribbon Commission on Director Professionalism. Washington, D.C.: National Association of Corporate Directors, 1996. (One of 28 Commissioners.) View Details
  3. The Private Company Board: Benefits & Best Practices

    Keywords: Corporate Governance;

    Citation:

    Stobaugh, Robert B. The Private Company Board: Benefits & Best Practices. Washington, D.C.: National Association of Corporate Directors, 1996. (One of 12 Round Table Discussants.) View Details
  4. How to Build an Effective Small-Company Board

    Keywords: Organizational Structure; Business Ventures;

    Citation:

    Stobaugh, Robert B., and Brian Borders. How to Build an Effective Small-Company Board. Washington, D.C.: National Association of Corporate Directors, 1996. View Details
  5. Report of the NACD Blue Ribbon Commission on Director Compensation

    Keywords: Executive Compensation;

    Citation:

    Stobaugh, Robert B. Report of the NACD Blue Ribbon Commission on Director Compensation. Washington, D.C.: National Association of Corporate Directors, 1995. (Chairman of a 19-person Commission.) View Details
  6. Innovation and Competition: The Global Management of Petrochemical Products

    Keywords: Non-Renewable Energy; Globalized Markets and Industries; Energy Industry; Chemical Industry;

    Citation:

    Stobaugh, Robert B. Innovation and Competition: The Global Management of Petrochemical Products. Boston: Harvard Business School Press, 1988. View Details
  7. Technology Crossing Borders: The Choice, Transfer, and Management of International Technology Flows

    Keywords: Knowledge Dissemination; Technology;

    Citation:

    Wells, Louis T., and Robert B. Stobaugh, eds. Technology Crossing Borders: The Choice, Transfer, and Management of International Technology Flows. Boston: Harvard Business School Press, 1984. View Details
  8. Energy Future: Report of the Energy Project at the Harvard Business School

    Keywords: Energy; Projects; Forecasting and Prediction; Energy Industry;

    Citation:

    Stobaugh, Robert B., and Daniel Yergin, eds. Energy Future: Report of the Energy Project at the Harvard Business School. New York: Random House, 1979. (1980, Ballantine Books; 1983, Vintage Books; also published in French, German, Japanese, Korean, Spanish; Bestseller list of NYT, Time Magazine, Publishers Weekly; for a report on this book, see front page NYT, July 12, 1979.) View Details
  9. Energy: The Next Twenty Years

    Keywords: Energy; Forecasting and Prediction; Energy Industry;

    Citation:

    Stobaugh, Robert B. Energy: The Next Twenty Years. Cambridge, MA: Ballinger Publishing Company, 1979. (Report by a Study Group Sponsored by the Ford Foundation and Administered by Resources for the Future.) View Details
  10. Nine Investments Abroad and Their Impact at Home: Case Studies on Multinational Enterprise and the U.S. Economy

    Keywords: Multinational Firms and Management; International Finance; United States;

    Citation:

    Stobaugh, Robert B., and Robert H. Hayes. Nine Investments Abroad and Their Impact at Home: Case Studies on Multinational Enterprise and the U.S. Economy. Boston: Harvard Business School, Division of Research, 1976. View Details
  11. How to Use International Capital Markets: A Guide to Europe and the Middle East

    Keywords: Globalized Markets and Industries; Capital Markets; Europe; Middle East;

    Citation:

    Robbins, Sidney M., Robert B. Stobaugh, William Gregor, and John C. Kirby. How to Use International Capital Markets: A Guide to Europe and the Middle East. New York: Financial Executives Research Foundation, 1976. View Details
  12. U.S. Taxation of United States Manufacturing Abroad: Likely Effects of Taxing Unremitted Profits

    Keywords: Taxation; International Finance; Manufacturing Industry; United States;

    Citation:

    Stobaugh, Robert B. U.S. Taxation of United States Manufacturing Abroad: Likely Effects of Taxing Unremitted Profits. New York: Financial Executives Research Foundation, 1976. View Details
  13. Money in the Multinational Enterprise: A Study in Financial Policy

    Keywords: Money; Multinational Firms and Management; Finance; Policy;

    Citation:

    Robbins, Sidney M., and Robert B. Stobaugh. Money in the Multinational Enterprise: A Study in Financial Policy. New York: Basic Books, 1973. View Details
  14. Olefins, Diolefins, and Acetylene

    Keywords: Non-Renewable Energy; Product Development; Energy Industry; Chemical Industry;

    Citation:

    Stobaugh, Robert B. Olefins, Diolefins, and Acetylene. Vol. 2, Petrochemical Manufacturing and Marketing Guide. Houston: Gulf Publishing Company, 1968. View Details
  15. Aromatics and Derivatives

    Keywords: Consumer Products Industry; Chemical Industry;

    Citation:

    Stobaugh, Robert B. Aromatics and Derivatives. Vol. 1, Petrochemical Manufacturing and Marketing Guide. Houston: Gulf Publishing Company, 1966. View Details

Journal Articles

  1. The Role of the Board in Corporate Strategy: Report of the NACD Blue Ribbon Commission

    Keywords: Governance; Corporate Strategy; Reports; Groups and Teams;

    Citation:

    Stobaugh, Robert B., and Warren L. Batts. "The Role of the Board in Corporate Strategy: Report of the NACD Blue Ribbon Commission." Corporate Governance Advisor (November–December 2000). View Details
  2. The Role of the Board in Corporate Strategy

    Keywords: Governance; Corporate Strategy;

    Citation:

    Stobaugh, Robert B., and Warren L. Batts. "The Role of the Board in Corporate Strategy." Director's Monthly (September 2000): 1–3. View Details
  3. Information Technology Security: A Challenge for Directors

    Keywords: Information Technology; Problems and Challenges; Management;

    Citation:

    Stobaugh, Robert B., Rosina B. Dixon, Thomas R. Horton, and Roger W. Raber. "Information Technology Security: A Challenge for Directors." Director's Monthly (June 2000): 11–13. (For a report based on this article, see "Try a Hacker Test," front page, Wall Street Journal, June 1, 2000.) View Details
  4. Board Evaluation: A Key to Strategic Planning

    Keywords: Strategy; Planning; Governance;

    Citation:

    Stobaugh, Robert B., Alan McGettigan, and Robert Sigler. "Board Evaluation: A Key to Strategic Planning." Director's Monthly (July 1999): 1–4. (For a report on this article, see "Too Many Scientists Can Spoil A Biotech Board," front page, Wall Street Journal, July 29, 1999.) View Details
  5. We Hear from Professor Stobaugh

    Citation:

    Stobaugh, Robert B. "We Hear from Professor Stobaugh." Crystal Report (May 1995), 8–10. View Details
  6. More and More, Directors Are Owners

    Keywords: Ownership; Management;

    Citation:

    Stobaugh, Robert B. "More and More, Directors Are Owners." New York Times (January 1, 1995), 9. (Financial Section.) View Details
  7. Performance and Pay: Drawing the Corollary

    Keywords: Performance; Compensation and Benefits;

    Citation:

    Stobaugh, Robert B. "Performance and Pay: Drawing the Corollary." Directorship (July/August 1993): 4. View Details

Book Chapters

  1. Director Compensation: The Road to Better Governance

    Keywords: Executive Compensation; Corporate Governance;

    Citation:

    Stobaugh, Robert B. "Director Compensation: The Road to Better Governance." In Significant Issues Facing Directors: 1995, edited by Betty Jane Dunn, 46–57. Greenwich, CT: Directors Publications, Inc., 1995. View Details
  2. Foreword

    Citation:

    Stobaugh, Robert B. "Foreword." The General Trading Company: Concept and Strategy, edited by Dong-Sung Cho. Lexington, MA: D.C. Heath and Company, 1987. View Details
  3. Competition Encountered by U.S. Companies That Manufacture Abroad

    Keywords: Multinational Firms and Management; Competition; Trade; Manufacturing Industry; United States;

    Citation:

    Stobaugh, Robert B. "Competition Encountered by U.S. Companies That Manufacture Abroad." In International Business Knowledge: Managing International Functions in the 1990s, edited by William A. Dymsza and Robert G. Vambery. Westport, CT: Praeger, 1986. View Details

Cases and Teaching Materials

  1. Note on the Use of Alliances

    Describes advantages and disadvantages of alliances (including joint ventures and licensing agreements).

    Keywords: Joint Ventures; Agreements and Arrangements; Alliances;

    Citation:

    Stobaugh, Robert B. "Note on the Use of Alliances." Harvard Business School Background Note 393-029, August 1992. View Details
  2. Coal Imports, Inc.

    Keywords: Energy Industry;

    Citation:

    Stobaugh, Robert B. "Coal Imports, Inc." Harvard Business School Case 684-055, May 1984. View Details
  3. Systek International (A) (Revised)

    Citation:

    Stobaugh, Robert B. "Systek International (A) (Revised)." Harvard Business School Case 373-264, March 1973. (Revised January 1978.) View Details
  4. Brazil Paint Plant

    Keywords: Brazil;

    Citation:

    Stobaugh, Robert B. "Brazil Paint Plant." Harvard Business School Case 371-315, January 1971. (Revised June 1977.) View Details
  5. MAG

    Citation:

    Stobaugh, Robert B., and Louis T. Wells Jr. "MAG." Harvard Business School Case 374-241, January 1974. View Details
  6. Barlow Corp. in India

    Keywords: India;

    Citation:

    Stobaugh, Robert B. "Barlow Corp. in India." Harvard Business School Case 370-092, November 1969. (Revised April 1972.) View Details
  7. Systek International (B)

    Citation:

    Stobaugh, Robert B. "Systek International (B)." Harvard Business School Case 370-086, February 1970. View Details