Great deals forth at BYPETER S. BARRYFew things send a clearer signal that it's time to relax than sharing excellent wine with family, friends, colleagues or clients. But if your wine purchases are limited to a favorite bottle from a wine list, or picking...
Marking the 20th anniversary of the CEO of the Year, eight of our honorees offer their best insights. BY WILLIAM J. HOLSTEINWhat are the characteristics that the greatest CEOs have shared and what can today's CEOs learn from them? It's a tantalizingly...
EXECUTIVE PAYTHE COLLECTIVE SIGH of relief from Walt Disney directors was audible from Tinseltown to Teaneck. Ruling on a shareholder suit that had dragged on for years, Delaware Chancellor William Chandler on August 9 determined that the Disney board...
The financial giant's board picked a squeaky clean outsider to it from the brink. But even the CEO agrees this turnaround is far over. BY RUSS BANHAMWhen Michael Cherkasky took the helm of embattled Marsh & McLennan Cos. of last October, the global...
CEO Gary Anderson of Dow Corning says that it requires serious employee "buy-in" and leadership to weather a crisis.When you reach the crisis point of having to file for Chapter 11, your immediate fears are losing your customers, your employees or community...
GLOBAL CEOS NEED TO RESPOND MORE QUICKLY.In less than a year, there will be a seismic shift on the continental shelves of Europe that affects electrical and electronics companies everywhere. We know it's coming, yet many affected companies seem to be...
Detroit's FutureI totally disagree with Mr. Holstein about the government needing to do more for GM ("Editor's Note," June 2005). The $130,000 a year autoworker-and the industry as a whole -has priced itself out of the market just as other unionized...
GAMESBe a team player for your baseball idol at the HaI! of Fame's Fantasy Camp. BY MICHAEL GELFANDWhile it's common businessspeak for top executives to boast that a member of their management team "stepped up to the plate and hit a home run," few, if...
AMERICAN COMPANIES NEED RELIEF AND SUPPORT.There is much discussion today about how to re-energize the American economy. A good place to start would be our economy's heart and soul -manufacturing. At $1.4 trillion a year, manufacturing represents some...
CEO CONFIDENCE INDEXARE THESE THE BEST OF TIMES or the worst of times? CEOs seem to be signaling that they are optimistic about today, but skeptical about tomorrow.The overall CEO Confidence Index in August rose to 171.1, up from 163.1 in July. But that...
EDITORIALPOLITICIANS HAVE SHOT down the effort of China National Offshore oil Corp. (CNOOC) to buy Unocal. What a wrong-headed, dangerous thing to have done.There are several reasons: First, it invites retaliation. Although the Chinese are going to maintain...
Ethan Allen CEO Farooq Kathwari says one of his secrets is setting "reasonably impossible" goals.How do you set "impossible" goals without completely demoralizing employees?We all have a tremendous ability to stretch ourselves. Two years ago, I had an...
The key is delaying the point of "differentiation."The paint department of your local hardware store may not seem like the place to go for strategic insights, but on display is one strategy that offers the potential to streamline offshore manufacturing...
CAN FAR EAST MANAGEMENT TURN FAILING U.S. COMPANIES AROUND? BY JOE QUEENANWhen China's third-largest oil producer, CNOOC, made an unsolicited bid for control of Unocal a few months back, this great nation found itself plunged into a long-overdue spate...
Chief executives can, in fact, stay ahead of emerging global competitors. BY JENNIFER PELLETAdapt and win has never looked harder. Emerging from a scandal-scarred era, American chief executives are confronting ruthless competition, rampant commoditization...
CEOs talk the talk, but many companies don't deliver.Service quality among U.S. firms is slipping significantly, independent data shows, and chief executives need a wake-up call lest they lose customers while offering products and services that continually...
Managing a successful subsidiary requires experience and strong on-the-ground presence.Four our years ago, the German electronics giant Siemens was facing relentless pressure to cut costs and lower prices on its mobile phones. So it did what hundreds...
HOW TO LET NEW TECHNOLOGIES BLOSSOM.The great thing about competition is that it's so democratic: If you build a better product or service that costs less and performs better for your customer, you'll grow and prosper. If you don't, the marketplace will...
CEOs aren't happy with Schwarzengger's latest performance. BY RUSS MITCHELLIt was May 2004, and Gov. Arnold Schwarzenegger's Hollywood star power was lighting up Sacramento. His approval rating stood at 65 percent; workers' compensation costs, once the...
I hope I'm wrong, but I have a bad feeling about the housing bubble. I hear all the Don't-Worry-Be-Happy talk about economic growth running at 3.4 percent and about financial markets being at four-year highs. But I suspect we're living in a fool's paradise.We've...
TECHNOLOGYIN THE INNOVATION ARENA, it's never been easy for the player first out of the gate with a new product to stay on top because competitors quickly spring up with generic versions that offer similar functionality at half the price.TiVo appears...
FOR CEOS, BLENDING WORK AND HOME MAKES SENSE.It's no surprise that, at least by conventional or "normal" standards, the schedules of most CEOs are decidedly not in balance. Take my average day: By 7 a.m. (PST) I've already talked to a dozen people, had...