'In the 1990s winners will dream big, impossible dreams," said General Electric's Jack Welch upon receiving the 1993 Chief Executive of the Year Award. The celebratory dinner, attended by 270 will-wishers, mostly CEOs and their spouses, was held at New...
Every half-century or so, it seems, America must come to terms with some addictive behavior that has become a public nuisance. In the Depression era, it was alcoholism, and the formation of Alcoholics Anonymous was America's answer.In the 1990s, maybe...
Each year we ask participants to verify pay and performance data we use in our survey. This year our favorite response came from a CEO who insisted we exclude his performance share grant because, "we never hit our performance targets." (We counted it,...
To Asian and European business and political leaders the debate in the U.S. over the merits of the planned North American Free Trade Agreement is bizarre. Regional economic integration is a global phenomenon. Beyond the EC, there are the recently formed...
Jeremy Jones is on the stump, taking potshots at some of his favorite targets: Bill and Hillary Clinton and their health-care proposal."There isn't anyone in Washington who believes President Clinton can deliver on his promise to expand health-care coverage...
With protective tariffs in Mexico on the wane, Cementos Mexicanos CEO Lorenzo Zambrano had visions of being swallowed by foreigners unless he moved quickly to make some acquisitions. Thus in 1989, he shelled out $800 million for cement companies in Mexico,...
BOB: Olaf, last month you told me you were going to solve my corporate angst about accounting through a strange diagram labeled "Everything You Always Wanted to Know About Accounting but Were Afraid to Ask Because You've Been Pretending You Understood...
In Monterrey, the redbrick Cuauhtemoc brewery dates from 1890, financed partly by booty local businessmen accumulated smuggling goods to the Confederacy during the U.S. Civil War. The brewery remains in operation today, part of the operations of Fomento...
In the field of pure horror, Stephen King generally is acknowledged to be the unsurpassed master. But a new book by the previously unheralded Charles Brecher and Raymond D. Horton could pose the first serious threat to the literary hegemony heretofore...
When Washington and Ottawa signed a free trade agreement in 1989, Mexico's president, Carlos Salinas de Gortari, seized an opportunity: He proposed extending the U.S.-Canadian Free Trade Agreement to include Mexico. The North American FTA, awaiting ratification...
OBSOLESCENT/(word omitted)/adj.: Becoming outdated or outmoded, as machinery, weapons, etc.CEOs become obsolescent, too. Here's a little test to see where you stand as a chief executive.You are probably obsolescent if you:* Still cling to a hierarchical...
In the 1980s, the chief executive of a major home building products manufacturer bought the REIT stock of New York's Rockefeller Center. In the rough-and-tumble world of equity REITs, this was the bluest of blue-chip holdings: The stock was yielding...
James Galbreath, managing director of NWQ, a Los Angeles pension and private investment company with $4.5 billion under management, thinks Caterpillar, Deere, Intel, AT&T, and U.S. Steel may become the growth stocks of the 1990s. He believes in themes,...
Given the sluggish performance of some corporations today, it follows that a number of CEOs are overpaid. That's why the Clinton Administration has pushed to strengthen the link between executive pay and performance. Few chief executives would dispute...
Call it the case of the disappearing chief information officers. William Y. O'Connor encountered the problem last year while conducting customer research as the new president of Ascom Timeplex, the computer network supplier. "I noticed the guys I was...