Chief Executive (U.S.) articles from October 2001

Chief Executive (U.S.) archives from October 2001

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October 1, 2001... An Alternative to Layoffs I enjoyed reading about Acxiom's use of voluntary pay cuts to prevent layoffs ("Creative Cost Cutting," CE: June 2001). It was refreshing to see how a company was able to overcome a daunting challenge without...

CORRECTION.(Brief Article)(Correction Notice)
October 1, 2001... Ronald Uretta was incorrectly identified as Robert Uretta in the August/September 2001 roundtable beginning on page 103. Uretta is president of Insignia/ESG, a leading commerical real estate services company, and COO of the parent company,...

Survivors Need Your Solace.(chief executive officers' role)(Brief Article)
October 1, 2001... Like everyone else, we remain deeply affected by what happened on September 11. Our prayers go out for those who lost their lives in the disasters in New York, Washington, and in Shanksville, PA. Our hearts go out to those who knew and...

How To Fly a Combat Plane (and Recover a Lost Business).(John Peterman's experience)(Brief Article)
October 1, 2001... What they didn't teach in biz school JOHN PETERMAN WAS strapped into a Marchetti SF260 combat plane beside an F-16 pilot instructor, locked in a dogfight 6,000 feet above Florida. At 270 miles an hour, the force of gravity crushed him into...

Women CEOs Make Slow Progress.(Xerox's Anne M. Mulcahy)(Brief Article)
October 1, 2001... XEROX PROMOTED Anne M. Mulcahy 48, from president and COO to president and CEO, capping a 25-year career with the copier and office machine manufacturer. Despite four consecutive quarterly losses, Xerox is expected to make money before the year...

Get off the Island.(executive dismissals)(Brief Article)(Illustration)(Statistical Data Included)
October 1, 2001... ONE IN SIX INVESTORS report they've exerted pressure on a board that led to a CEO's dismissal, according to a survey of 300 global institutional investors conducted by Russell Reynolds Associates. "CEOs and boards see themselves as accountable...

United States Ambassador.(Carl Spielvogel)(Brief Article)
October 1, 2001... A FRESH BATCH OF CEOS and former CEOs have been nominated for U.S. ambassadorships this year, including Richard Egan of EMC Corp. and Stephen Merker, formerly of Standard Automotive. For the well-connected and the politically committed,...

Welch's Legacy of Leadership.(Jack Welch)(Brief Article)
October 1, 2001... CAN A SCUTTLED SWAN SONG such as Jack Welch's failed bid for Honeywell hobble the legacy of his 41-year career? "Welch's place in business history was secure long before Honeywell," opines Jeffrey Krames, author of The Jack Welch Lexicon...

From Prisoner to Entrepreneur.(Cyber Group Network's Gregory Evans)(Brief Article)
October 1, 2001... THEY SAY INCARCERATION gives a man time to think. In the case of Gregory Evans, 32, now CEO of the Cyber Group Network (CGN), jail gave him time to hatch a business plan. In November 1998, Evans was arrested for hacking into the computers...

Liability Not Limited to Dismissal.(Allen Wheat)(Brief Article)
October 1, 2001... ALLEN WHEAT, 53, was fired from Credit Suisse First Boston in July amid charges that the investment banking group, along with other Wall Street firms, conspired to fix fees for initial public offerings and manipulated the IPO market. Wheat was...

Global Warming: Business' Biggest Economic Threat.(STMicroelectronics' environmental policy)(Brief Article)(Statistical Data Included)
October 1, 2001... I admit I am a fanatic when it comes to the environment. Having been a vocal supporter of energy conservation and other environmentally conscious initiatives over the years, I have encountered my share of skeptics on the issue. But,...

Hope for Japan's Henjin.(Prime Minister Junichiro Koizumi's promises of reform)(Brief Article)(Statistical Data Included)
October 1, 2001... When will Japan surpass the United States in financial power? That question was bandied about a little more than ten years ago when Mitsubishi Estate Co. purchased Rockefeller Center and other Japanese investors snapped up Pebble Beach,...

Social Security Reform Calls for Leadership.(Brief Article)(Statistical Data Included)
October 1, 2001... President Bush is counting on CEOs to help him modernize Social Security. Some are involved officially, while others offer vocal -- if informal --support. But most top business leaders remain neutral in the debate over the future of America's...

CEOS VS. HAWKS.(U.S relations with China and Taiwan)(Statistical Data Included)
October 1, 2001... U.S. corporations generate [dollar]7.2 billion in revenues from China, but Beijing-bound President Bush faces conservatives seeking to tilt support toward Taiwan. As President Bush travels to China this month, his first trip there since he...

Rebuilding after Catastrophe.(rebuilding companies after the U.S terrorist attacks)(Brief Article)(Editorial)
October 1, 2001... As the United States continues to grieve in the wake of the September 11 attacks on the World Trade Center and the Pentagon, we at Chief Executive take our place among the nation's and the world's mourners. Our readers have been personally...

Grief in the CORNER OFFICE.(succession planning)
October 1, 2001... Every year, several of industry's top executives die unexpectedly. Here's how their companies cope. Harry Pearce-had a bad feeling when his doctor called him out of a senior management meeting at General Motors and asked him to meet her to...

Like Father, LIKE DAUGHTER.
October 1, 2001... These CEOs push their children hard, surround them with big ideas, but often try to keep them out of the family business--with little success. Sanford I. Weill, chairman and CEO of Citigroup, never thought his daughter, Jessica, now...

Mr. Fix-It STEPS IN.(Home Depot Inc.'s Bob Nardelli)(Company Profile)(Statistical Data Included)
October 1, 2001... He's off to a fast start, but can Bob Nardelli make his General Electric experience stick at The Home Depot? Bob Nardelli's early career as a do-it-yourselfer got off to bumpy start. He and his wife Susan, newlyweds, teamed up to take on...

Innovation LABS.(technological advances and company laboratories)
October 1, 2001... Corporate labs yield breakthroughs now that the start-up world is starved for capital. If the technology industry caused the world's greatest wealth creation, then soon after it also caused the greatest wealth destruction. But even amid...

For eVineyard.com CEO Larry Gerhard, Slow and Steady Wins.(Brief Article)
October 1, 2001... SOMETIMES executive conservatism pays--even in the roller coaster world of Web business. Case in point: Two years ago when Larry Gerhard, CEO of online wineseller eVineyard decided to cooperate with, rather than buck, the wine industry's...

Turning Kansas City Into Biomed Valley.(Jim Stowers founds institute for medical research)(Brief Article)(Statistical Data Included)
October 1, 2001... CAN AMERICAN CENTURY founder and chairman Jim Stowers turn Kansas City, MO, into Biomed Valley? First Stowers built American Century Cos. into a $3 billion mutual fund giant. Then he beat prostate cancer and stood by wife Virginia as she...

America's BEST & WORST Boards.(rating of Boards of Directors)
October 1, 2001... Chief Executive's ninth study finds good governance is good business, but some companies still don't get it. It's not easy being a member of a bad board today. You're reviled in the business press, your company's stock price is probably in...

A Canadian titan could offer a glimpse of the future of boards.(Magna International Inc.'s approach to corporate governance)(Statistical Data Included)
October 1, 2001... Magna International, a $10.5 billion Canadian manufacturing firm, could shake up the cozy world of U.S. corporate boards with a radical document that redefines its directors' focus. When she was named CEO of Magna, one of Canada's...

Reinventing Customer Value.(outsourcing and management of industrial partnerships)
October 1, 2001... LOOKING BEYOND the bottom line, companies are seeking out new business models--and inspiring customer loyalty--with a careful mix of technology, outsourcing, and collaboration. You've come a long way in the last decade. You've halved...

My Favorite Autumn GOLF HOLE.(Stephen Warhover and Ivan Lendl on playing in New England)(Brief Article)
October 1, 2001... Two executives choose New England classics to watch falling leaves and to play some of the country's toughest holes. You wouldn't think Stephen Warhover and Ivan Lendl have much in common. After all, one is a 57-year-old Chicago native who...

Tell Me Something I Don't Know.(Brief Article)(Column)
October 1, 2001... In the past few months, the nation has been rocked by a series of shocking disclosures, several in the form of scientific studies. First, the Securities and Exchange Commission revealed that a substantial number of financial analysts own stock...