Before getting down to business at the Bob Bondurant School of High Performance Driving, you sit through a classroom session and tour the 60-acre Arizona facility, complete with racetrack, bustling maintenance shop and auto racing museum. Then the fun...
When Executive Editor C.J. Prince and I sat down with Hank Greenberg, we congratulated him for being named CEO of the Year. "But what does it mean?" he asked. Hank, as everybody knows, gets right to the point.So let me offer this explanation, starting...
Michael Dell is slashing the number of options issued to his employees by half.The main reason Dell Computer has decided it will no longer be as generous with its stock is simple: It no longer has to be. Employees in the troubled computer industry are...
What Risk Really MeansMuch of your June editorial ("CEOs Should be Well Paid. Fix the Abuses.") is quite appropriate. But I strongly take issue with two instances in which you infer big "risk-taking" by CEOs.First, you liken chief executives to entrepreneurs...
How CEOs are exploiting the latest ideas to link themselves to suppliers and customersQuick! Name a company that revolutionized its industry through world-class supply-chain management.Chances are you picked Dell, Wal-Mart, Cisco or any of a number of...
Hon. William H. DonaldsonChairmanSecurities & Exchange CommissionWashington, D.C.Dear Bill:We don't blame you for not talking to us for our story on the SEC this month ("The SEC's Man of the Hour," page 30). You're under pressure and have to play...
Leo Hindery Jr.'s pitched battle with Cablevision's Jimmy Dolan was only his latest fight. He thrives on deals, fear and speed.Sure, he's scared when he settles his stocky frame into the straight and narrow sport seat of a Porsche 911 GT3 RS. And, as...
If you've built a company and have a majority of your personal net worth tied up in your own stock, you have a "concentrated equity position." That can be a blessing-but also a curse because you are subject to downward stock price swings and you may...
Okay, back in the real world, we can't spend all our time on the racetrack. We have to compromise. We have to drive vehicles that make sense. Pick up the laundry. Stick the clubs in the trunk.I've recently spent a week in two cars that are counterintuitive...
A persistent, dramatic trend toward accelerating international flows of goods, services and capital that has been a hallmark of the past 40 years or more may be coming to an end. CEOs who are looking to foreign markets to offset "weakness at home may...
Five years ago, Guerrino DeLuca walked away from Apple Computer to sell mice. As his company hits the $1 billion mark, he has no regrets.Guerrino DeLuca, the CEO of Logitech International, is up from his chair again, grabbing hold of a black steering...
Recently, The New York Times ran one of those predictably infuriating articles about the lessons CEOs can learn from military history. Proceeding from the assumption that "a battle is an ideal metaphor for corporate decision-making," the article discussed...
As anti-American sentiment mounts in Europe, what can U.S. companies do?With American consumers boycotting French wine and cheese and Europeans shunning American cola and cigarettes, the Iraqi "war is spilling into the High Streets of Western Europe...
Having spent four decades building American International Group into a financial powerhouse with operations in 130 countries, Hank Greenberg is our CEO of the Year.Maurice R. Greenberg stopped counting the hours he -works a long time ago. It's probably...
In discussing New York Stock Exchange rules requiring annual assessments of boards and committees, a prominent CEO said to me, "We've never done these on my board and I feel like I'm being force-marched into a mine-field. I'm sure there's a wrong way...
Here are some tips from the Bondurant School of High Performance Driving that you can put to use in your car:* Sit up straight: Adjust your seat position so you sit upright with your buttocks tucked firmly against the lower back of the seat. Make sure...
It takes a special breed of CEO to repair the damage caused by corporate implosion.No other word would do: Bill Schleyer was shocked.He was hardly naive. Schleyer, 51, had spent time running Continental Cable vision's operations, stayed on when it became...
Confidence is gaining ground. After months of declines, our overall CEO Confidence Index surged in May and climbed again in June, although not as sharply. The indicator hit 121.9, up from 100, which was the base when we started emailing you, our readers,...
The one-year anniversary of the Sarbanes-Oxley Act finds many small- and mid-cap company CEOs struggling under the weight of its sweeping reform.As a former business school dean who taught courses in corporate ethics, Gary Costley hardly fits the profile...
Just how serious is Bill Donaldson-and the Bush White House -about cracking down on Wall Street and corporate leaders?The Washington parlor game of "Can he do it?" is in full swing, and the object this time is William H. Donaldson, the Wall Streeter...