Chief Executive (U.S.)

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Articles from No. 117, October

Africa: Open for Business
Entrepreneurs often say that bold business relies more on instinct than fiscal prudence. Perhaps that's why Anthony O'Reilly, the gumptious chairman of Pittsburgh-based H.J. Heinz, sometimes glosses over the numbers when he explains his firm's pioneering...
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Chemical Reaction
In a 1990s market of high-flying initial public offerings and blockbuster start-up companies, Cytec Industries didn't even register on analysts' screens when parent American Cyanamid spun it off a little more than two years ago. For one thing, the fledgling...
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Elizabeth Holtzman, Meet Jose Pinera
Driving from my home in Westchester to the train station to get to our Manhattan office one morning, I am listening to one of The New York Times' deep thinkers discuss a new book by former U.S. Congresswoman Elizabeth Holtzman. It seems the erstwhile...
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Eurobonding
The Eurobond market has been hot for the last three years-and American corporations have been sailing across the Atlantic in greater numbers to get in on the action. Ford, PepsiCo, and Merrill Lynch were part of the American contingent that garnered...
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Infomaniacs
Top executives are busy digging for gold in the mounds of information piling up throughout their organizations. The prospects for success, according to a CE/Unisys survey, are excellent. But there's still lots of sifting to do. People, plant, materials-and...
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In Search of a New Deal
Even if Social Security's looming financial difficulties could be fixed, the government-run retirement system would remain a bad deal for today's young workers. Payroll taxes are already so high that Social Security benefits provide a low, below-market...
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International Progress Report
Today's global economy and rapidly converging borders means that non-U.S. annual reports are achieving more prominence. Slowly but surely, market tastes abroad are edging toward a more shareholder-friendly annual report, including somewhat more SEC-like...
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Letters
REDUCTIO AD ABSURDUM To The Editor: It is incredible that FAS 123 exists after 10 years of failure. The Financial Accounting Standards Board still cannot define, to accounting accuracy requirements, just what the purported expense of a stock option is....
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Maximizing Value in the Supply Chain
THE ONCE HUMBLE ACTIVITY OF LOGISTICS HAS MORPHED INTO A FORMIDABLE STRATEGIC PRACTICE OF SUPPLY CHAIN MANAGEMENT. AS CEO PARTICIPANTS ATTEST IT IS A RIGOROUS DISCIPLINE, BUT WORTH THE PAYOFF IN UNLOCKED VALUE. In the grand management ball of ideas,...
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Of Death and the Tax Man
Consider this all-too-possible scenario: Several years after your death, your second wife rewrites her will. Instead of leaving what she inherited from you to your children, she leaves it all to her second husband and the children she's had with him....
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Reports on the 'Net: More Hype Than Achievement
Two years ago, the annual report on CD-ROM debuted to decidedly mixed reviews, plagued by technical flaws and overly high expectations. The following year found a few intrepid souls venturing onto the Internet with their annual reports; unfortunately,...
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Shocking Politics
Former House Speaker Tip O'Neill once described Social Security as the "third rail" of American politics-touch it and your political career dies. However, that may no longer be true. There is now a growing perception among both politicians and the public...
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Social Security Reform: Chile Today, U.S. Tomorrow
Young workers today would be better off stuffing their Social Security taxes under a mattress than counting on benefits from the program, A more viable alternative would be to follow Chile's lead in privatizing the system. In 2012, Social Security will...
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Techie Tit for Tat
On April 7, 1996, Dutch Ghana became the first country in the world to execute a private-sector employee for a nonviolent, white-collar crime. Vui Bekata, 34, was shot at dawn after a 12person jury found him guilty of "a deliberate and sustained attempt...
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The 10 Best Annual Reports of 1995.And the 10 Worst
Done right, an annual report captures the soul of a company and its leaders. Done wrong, it goes down in flames and can damage a company's image. Who needs a theme? Who cares about glossy photos, informative grids, easy-to-read letters, extensive financial...
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The CEO's Role in Social Security
For years now, we have heard that Social Security cannot endure in its present form, that soon there won't be any money left, that taxes will have to be raised or benefits cut to make up for the shortfall. At the same time, Social Security has been a...
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The Man Who Puts Working Capital to Work
When American Standard faced recession and imminent bankruptcy in 1990, Chief Executive Mano Kampouris stumbled upon a model that would ultimately save the company. Without knowing it at the time, Kampouris prefigured the re-engineering phenomenon. Now...
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The Quick CEO
don't know who first brought forth this particular piece of wisdom-I wish I had-but it certainly fits today's business scene: "It's not the big fish that eat the little fish; it's the quick ones that eat the slow ones." The pace of business has stepped...
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Trade Winds
THE CLINTON ADMINISTRATION IS VOCALLY PRO TRADE. BUT IS THAT FREE OR MANAGED TRADE? AT A SPECIAL CE ROUNDTABLE CONDUCTED IN THE WHITE HOUSE, PARTICIPATING CEOS TALKED WITH NATIONAL ECONOMIC ADVISOR LAURA D'ANDREA TYSON AND COUNSELOR TO THE PRESIDENT...
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Trying for a Techno Turnaround
When H&R Block launched discussions to spin off its CompuServe subsidiary last year, some shareholders and company officials may have thought they were poised to tap into a gold mine. High-tech stocks were shattering new records daily: A Netscape...
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What to Do When Your CIO Leaves
Early one morning, you find a letter of resignation on your desk from Charlie, your chief information officer for the last eight years. Your first reaction may be: "My God, what will we do now?" You know there is no in-house replacement, and Charlie...
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Where's Walter?
WRISTON: Walter Wriston, Citibank, and the Rise and Fall of American Financial Supremacy By Phillip L. Zweig. Crown Publishers, 952 pp., $40. When enough time passes for historians to gain their treasured "perspective," Walter Wriston, CEO of Citibank...
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