Chief Executive (U.S.)

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Articles from No. 132, March

A Double-Barrelled Approach
Oddly enough for someone who staked his entire business career on beating the clock, Frederick W. Smith is taking a wait-and-see approach toward his latestand boldest-gamble for Federal Express. But Smith recognizes that FedEx didn't become an overnight...
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All Quiet on the Eastern Front
Much has been learned about Asia in the wake of the panic that gripped its markets and reverberated throughout the global investment community. But one little known fact provides a lesson for investors: when the Chinese write about crisis, they use the...
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Byte Size
One rainy afternoon in October 1996, commercial realestate salesman Paul Merlin stopped off at a typically bluecollar New York City diner for a QUEENAN bagel with cream cheese and a cup of coffee. When Merlin bit into what proved to be a very tough bagel,...
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Dances with Roulette Tables
On a rainy day in the 1970s, Ray Halbritter, an ironworker and a member of the Oneida Indian Nation's wolf clan, was welding track for the Washington, DC, Metro when he had a sudden realization. "I looked at the guy next to me, who must have been in...
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Driving Force
Byron Pond begs to differ with analysts who describe his products as commodities. "I would challenge the analyst to go and buy eight pounds of muffler and six pounds of ride control and try and put it on his car," snaps the chairman and CEO of Arvin...
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Elephant Walk
As the currency crises reverberate through Asia following the debacle in Thailand last July, India has been relatively protected from the wrath of the storm. While Indian bond spreads widened after the Asian implosion, this short-term hit has not fundamentally...
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Empowering the Entrepreneur Within
Once upon a time, command-and-control was the secret to corportate efficiency. Today, we know better. For true value creation, you should put your people in charge--all of them. It has been said of many would-be political leaders that they tend to be...
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Financial Implants
Implant Center Inc. was a small BY STEVE high-tech company with big BERGSMAN problems. The San Jose, CA, provider of ion implementation to some of the nation's leading semiconductor companies suffered from poor management, a result of an earlier management...
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From the Director's Mouth
CE asked contributing editor and corporate governance chronicler Robert Lear, who holds directorships with Scudder Institutional Funds, Korea Fund, and Welsh, Carson, Anderson, and Stowe Venture Capital Co., to weigh in on the topics of multiple directorships...
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Global & Mobile
London-based Cable & Wireless's Dick Brown wants to lead the telecom world in integrated communications. Not bad for a Midwesterner who had never been to the U.K. before taking the CEO job. ADVANCING TECHNOLOGY AND the globalization of markets have...
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Good for the Company, Good for the Shareholder?
A dozen years ago, scant attention was paid to shareholder value and ts link to corporate governance and enterprise performance. Today, it's the mantra of the decade. It's politically incorrect not to be seen as embracing it. In 1986, Alfred Rappaport,...
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Letters
WE DISAGREE To the Editor: One might expect Sid Cato to display a more nimble mind. In attacking our most recent annual report chairman's letter ("Best and Worst Annual Reports" CE: Nov 1997), Cato displayed a surprising bias for the predictable and...
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Making Succession Succeed
When determining who the next CEO of your company should be, it is well to listen to the sage advice of the great hockey player, Wayne Gretzky: "Pass the puck, not to where the player is, but to where he is going to be." If a company has been enjoying...
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New Tech, Old Adage: Remember the Customer
If a new technology is introduced in the forest and nobody's there to use it, does it make a profit? More than just a Computer Age twist on an old metaphysical inquiry, this is a question CEOs should ask before pursuing new customer strategies on the...
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On the Road Hole
Jim Kelly loves golf but only gets to knock the ball around three or four times a month. He plays mostly in the United States, but three years ago went on a golfing holiday to Scotland. And it was in the land where the game was born that the UPS chief...
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Reexamining Reagan
Ronald Reagan: How An Ordinary Man Became an Extraordinary Leader. By Dinesh D'Souza Free Press, $25, 292 pp. Ronald Reagan left office in 1989 with a 70 percent public approval rating-higher than that of either Eisenhower or Kennedy. Yet, despite overwhelming...
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So Many Boards.So Little Time
Outside board service is both an opportunity and a cost. CE asked veteran governance watchers to sort but how CEOs should strike the right balance. The corporate governance movement is well along in its effort to reform corporate boardrooms-which is...
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The Great Seating Debate
Encumbered by the weight of too many directorships, a CEO misses board meetings and is branded a shirker. Or, distracted with juggling board duty and travel times, he neglects the welfare of his own firm, which then falls prey to a takeover attempt....
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The Great Society Redux
ig government is not dead. It's not even sleeping. In fact, it may be ready to grow bigger than ever, aided, ironically, by fiscal conservatives whose primary concern is a balanced budget. In just one week in January, for example, proposals were floated...
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The Gutfreund Years
I ran Salomon Brothers for a long time. It was a very successful enterprise in many ways. It was not very successful in certain others. But without question, my greatest weakness as a CEO was I was rather insensitive to my own public image and didn't...
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The Real Political Challenge
The historian Paul Johnson in an excellent book, Modern Times, wrote that the "age of politics" may be drawing to a close as we approach the beginning of the 21st century. During the 20th century, he argues, nearly every form of statismfrom fascism to...
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Through a Lens, Darkly
As a photographer, Robert Stauth creates colorful double exposures of landscapes and sunsets by transforming familiar scenes into a single, seamless image. That's exactly what Stauth is attempting at Fleming Cos., the Oklahoma Citybased food marketer...
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Web Watch
www.asia-inc.com Edited "by Asians and Asian specialists," Asia, Inc. provides an inside look at business in a rapidly changing part of the world. Recent feature stories have looked at the future of Taiwan small-cap stocks in Thailand and Asia's 50 most...
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Will the U.S. Catch the Asian Flu?
Oddly, the crisis in Asian financial markets may lead to a more open, transparent international finance system-even if it means clipping U.S. GDP by a few basis points. As various Asian economies imploded last fall, the perception of an "Asian flu" quickly...
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