Chief Executive (U.S.) articles from July 2005

Chief Executive (U.S.) archives from July 2005

Is the pendulum swinging?(EDITOR'S NOTE)
July 1, 2005... Most chief executives I know are stunned by the pounding the media has been dishing out to all CEOs, not just the scoundrels at Enron and MCI/Worldcom. When I have asked them to be visible on an issue, several have said. "I'm just going to let...

Separation anxiety.(FEEDBACK)(Letter to the Editor)
July 1, 2005... We commend your article on whether the positions of CEO and board chairman should be separated ("Should the Top Roles Be Split," May 2005). One size clearly does not fit all. There are companies for which separation does make enormous sense,...

It doesn't ad up.(FEEDBACK)(Letter to the Editor)
July 1, 2005... This superficial, naive presentation ("Why Ad Agencies Don't Advertise," June '05) is unfitting of Chief Executive, magazine. Any thorough review of data from ANA (client-side organization focused on communications) shows accountability is the...

We are the champions.(FEEDBACK)(Letter to the Editor)
July 1, 2005... I just want to send my support and appreciation for your editorial comments ("What We Stand For," June 2005). I couldn't agree with you more: Today's environment and era of social unrest has unfortunately broad-brushed all CEOs as corrupt,...

Let the invisible hand do its work.(FEEDBACK)(Letter to the Editor)
July 1, 2005... Dear Editor--or should I call you Moses? Regarding your editor's note ("What's Good for GM," June 2005), maybe if the "managements, unions and governments" will help you back up the mountain, you can stretch out your rod and smite that...

Darts & roses.(CEO WATCH)
July 1, 2005... ROSE... * CHRISTINE POON, vice chairman at Johnson & Johnson, who says J & J has 17 new meds in advanced stages of testing. Hey, Big Pharma, what is she doing that you're missing? DART... * GARY BETTMAN, commissioner of the NHL,...

Where growth will come from.(GLOBAL)
July 1, 2005... A GLOBAL SURVEY of more than 9,300 top business leaders by McKinsey revealed that more of them expect to achieve sales growth in the U.S. than China over the next five years. Furthermore, those two countries stand head and shoulders above any...

Darts & roses.(CEO WATCH)
July 1, 2005... ROSE... * PAUL OTELLINI. What a coup in winning big business from Apple! That's a huge first win for a new CEO. Why, it's downright Grovesque. DART... * DAN BREWSTER, former CEO of Gruner + Jahr's American magazine empire. Your...

CEOs pick business schools.(CEO CONFIDENCE INDEX)(chief executive officers)
July 1, 2005... MORE THAN HALF the respondents to our most recent email polling have used business schools to educate or train themselves, their top managers or their board members. But they disagree sharply about which B-schools are best-suited for that...

Cox: can he take the heat? Chief executives crave some regulatory relief, but Cox has to thrive in a nasty political environment in order to deliver.(REGULATION)(Christopher Cox )
July 1, 2005... Two years of tough enforcement at the U.S. Securities and Exchange Commission appear to be headed toward less bumptious and more business-friendly times with the nomination of U.S. Rep. Christopher Cox as SEC chief. President Bush nominated...

Righting wrongs in the civil justice system: tort reform is helping business, yet more must be done.(CHIEF CONCERN)
July 1, 2005... Before President Bush signed the Class Action Fairness Act of 2005 into law, tort reform efforts always stalled like a car in serious need of a tune-up. But this new law will go a long way toward remedying abuses and restoring balance to a...

Why CEOs are missing the Hispanic market: tapping it requires an institutional commitment.(THOUGHT LEADER)(chief executive officers)
July 1, 2005... More than 40 million Hispanics live in the United States, representing $850 billion in purchasing power. Now growing at more than three times the rate of the general populace, Hispanics represent a consumer demographic CEOs simply can't afford...

Cat is back: an icon that once seemed headed for the dustbin, Caterpillar has made an impressive turnaround. Here's how.(Cover Story)
July 1, 2005... Every time he glances out the windows of his seventh-floor office atop Caterpillar headquarters in Peoria, Ill., CEO Jim Owens takes in a very satisfying panorama: Hundreds of yellow bulldozers and other humongous Cat pieces are rebuilding...

The fuel cell follies: are they just around the corner or a perennial pipedream?(TECHNOLOGY)
July 1, 2005... Standing beside a hydrogen-powered Chevrolet pickup truck built for the Army at a research facility near Rochester, Sen. Hillary Clinton of New York has the ear of a GM official, urging him to build a fuel cell vehicle plant at the site....

Giant slayer: little-known GSI Commerce puts the hurt on Amazon.(ECOMMERCE)
July 1, 2005... There is no king in King of Prussia, Pa., but if there were it would be Michael Rubin, the 33-year-old wunderkind chairman and CEO of GSI Commerce. Headquartered in this nobly named 18th century city on the outskirts of Philadelphia, Rubin has...

B-school advantage: top schools are letting CEOs tailor programs to get the most bang for their buck.(EDUCATION)
July 1, 2005... Alan Hassenfeld, chairman of toy maker Hasbro, says executive leadership training programs don't work unless top management gets involved. He ought to know. He has been instrumental in starting a customized one-week program with the Amos Tuck...

The future is here. Can it be managed? Key technologies are arriving, but their deployment poses major challenges.(World ICT Summit 2005)
July 1, 2005... To take a snapshot of the future, visit the center of the universe for broadband and mobile technology. The South Korean capital of Seoul is circled by a lightning-quick fiber-optic network, pumping high-speed content into the high rise offices...

3G rolls out: the technology is hot, but the profits are not.(World ICT Summit 2005)
July 1, 2005... The rollout of third-generation mobile telephone systems around the world begs at least two big questions: Is anybody making much money on fancy new cell phone services? And will customers around the world flock to the kind of high-speed mobile...

Want converged broadband networks? No problem. But where are the revenues?(World ICT Summit 2005)
July 1, 2005... Hanaro Telecom is trying to make a living in a risky environment. The eight-year-old Korean-based company recently completed the installation of a 100-city, fiber-optic broadband network on which it hopes to piggyback data, video, voice,...

Big changes in the chip industry: more functions combine as circuit sizes plunge.(World ICT Summit 2005)
July 1, 2005... It's a classic business irony: Just as semiconductor companies are enjoying arguably their greatest burst of creativity--chiefly, integrating the most complex multimedia, graphics, memory and logic applications into smaller circuits,...

Proprietary software can't control the world: even Microsoft now says it can co-exist with open source software.(World ICT Summit 2005)
July 1, 2005... Jurgen Geck held what looked like a silver bullet between his thumb and index finger. "This is a Fisher Space Pen," he said--a pen developed for NASA astronauts in space, a pen, whose ink just keeps on flowing, able to write upside down and...

Reaping the rewards of a diverse company: there's no doubt that a company's tone is set at the top.(ROUNDTABLE)
July 1, 2005... For Wally Parker, a recent conversation with a job candidate underscored the growing importance of his company's longstanding diversity program. "She shared with me that when she interviews, she looks at the company's management to see if there...

Railway to heaven: domed railcars offer a room with a luxurious view.(EXECUTIVE LIFE)
July 1, 2005... On a typically glorious late spring afternoon in Washington, D.C., the Capitol Limited, a regularly scheduled Amtrak train, pulled slowly out of Union Station bound for Chicago. To most passengers settling into their seats, this was the normal...

Tequila's subtle secrets: premium tequila finally gets its due.(EXECUTIVE LIFE)
July 1, 2005... Compared to Old World spirits with more regal reputations, tequila has long been considered downright tacky. Blame it on a lack of familiarity or the fear of something new from the ranks of the uninitiated, but tequila's unique and inimitable...

Caffeinating American industry: does your business need a boost? Just add coffee and stir.(FLIP SIDE)
July 1, 2005... Several years ago, at a particularly stressful moment during a floundering family vacation, I spotted a filling station in Aberdeen, Wash., that seemed to be advertising refreshing caffe lattes and cappuccinos. Fancy beverages were already...

SEC's Cox needs courage--and wisdom.(EDITORIAL)(Securities and Exchange Commission)(Christopher Cox)
July 1, 2005... THE NOMINATION of Rep. Christopher Cox as chairman of the Securities and Exchange Commission is welcome news. He has an opportunity to turn back the tide of regulatory creep. There will be many crucial issues before him--Sarbanes-Oxley, the...

Pay for performance: are CEOs underpaid?(EDITORIAL)(Chief executive officers)(Brief Article)(Editorial)
July 1, 2005... WE WERE STRUCK by the news that hedge fund chief executive Edward Lampert personally earned $1 billion in 2004 and that the top 25 hedge fund managers averaged $251 million. A hedge fund manager typically gets a 20 percent cut of the increase...