Chief Executive (U.S.)

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Articles from No. 129, November

A Farewell to Alms
WORKING TO AMERICA'S CORPORATIONS CAN RECRUIT, TRAIN, AND EMPLOY FORMER WELFARE RECIPIENTS-- BUILDING A STRONGER WORK FORCE, STRONGER COMPANIES, AND A STRONGER AMERICA. WHENEVER TALK TURNS TO CREATING A PATH Whwnever talk turns to creating a path from...
All Together Now
That alliances are prevalent is hardly headline news-an overwhelming number of ventures and alliances are being forged among companies large and small, and across all industries. Organizations as diverse as Microsoft and WebTV, AT&T and Sovintel,...
A Time and Motion Study
Volatility's a word that's heard often these days in connection with the stock market. It's a word that connotes unstableness, prompting wariness in investors. But just what does a volatile stock market mean, and does it justify the investor wariness...
Branding Ourselves Experts
Had Shakespeare's Hamlet found himself the brooding chief executive of a late 20th century advertising firm-rather than a brooding heir to the throne with vengeance in mind-his deus ex machina might have been slightly different. For when it comes to...
Eaton Hits a Few Speed Bumps
For decades Chrysler had the reputation of being a boom-bust outfit, prosperin during good times and barely holding on through downturns. In trying to change all that, Bob Eaton is no Lee lacocca-but that's the good news. Facing softening demand and...
Fatal Disclosure
In the 14 years CE has been judging annual reports, our veteran AR watcher, Sid Cato, has taken to task all those ARs who have sought to mislead, obfuscate, or otherwise lull shareholders and others about a company's true strengths and prospects. Since...
Getting Your Money's Worth
Frustrated because your consultant's recommendations didn't translate into real improvements? Irritated because the mammoth study didn't guarantee or provide results? Here's one consultative partnership that worked-measurably. US Borax, like most corporations,...
How High Is Too High?
Every year, when the summary sheets are put together on CEO compensation, I wince. I know there are going to be 25 or so names on the top list whose total take was so large as to be indefensible-and, as such, attract from certain critics words like "obscene"...
In Search of the New Change Leader
In their forthcoming book, Driving Change, authors Jerry Yoram Wind and Jeremy Main relate an anecdote about Mort Meyerson, the gung-ho, toughminded former president of EDS who had been tapped by Ross Perot to run his ailing Perot Systems in 1992. Meyerson...
International Update
While often not required to produce an annual reportlet alone one meeting U.S. standards-non-U.S. firms are steadily creeping toward a more shareholder-friendly annual report. Today, overseas firms often include more SEC-like financial disclosure, as...
Jack & Co
What William Shakespeare and John Milton are to an English major, GE's Jack Welch, Berkshire Hathaway's Warren Buffett, and Intel's Andy Grove are to today's business managers. No matter where their corporate reports rank in overall score, these CEOs'...
Les Alberthal: Gearing Up
When you look at comparing a "leader" to a "manager"-and it is a transition process from manager to leader-and you look at the characteristics under manager, you're talking about the mind of the person; it's qualities like rational, persistent, problem-solving,...
Less Is More
What It Means To Be A Libertarian, A Personal Interpretation, By Charles Murray. Broadway Books. 192 pp. $20. BY MARGARET LAWS I spent dinner last New Year's Eve riling up an eminent immunologist into a Rumpelstiltskin-like rage. As a recent cancer patient,...
Letters
CORPORATE GOVERNANCE To the Editor: Jack L. Lederer and Carl R. Weinberg have thoughtfully analyzed the trends in CEO compensation linking compensation to shareholder value (CE: September 1997) and have concluded that what is needed is to balance the...
Making Music Together
The record industry was flat last year, but profits doubled at BMG Entertainment North America, the parent of such labels as Arista and RCA. Credit a record number of Grammies from such artists as Whitney Houston, Toni Braxton, TLC, and Kenny G-plus...
Management Encounters of the Absurd Kind
Several years ago, I wrote a story for the Washington Post that dealt with the difficulty of writing satire in America. The basic problem, as I saw it, was that in a country as preposterous as this one, a satirist is incapable of writing something too...
Priming the Pump
At the age of 34, Hugh Miller has been chief executive of Delta Financial Corp. for seven years. Officially, that is. In many ways, Miller's been handling the job since 1985. At that time-fresh out of college and selling insurance-he was offered an office...
Reagan's Legacy
The only things politicians are more eager to do than shirk responsibility for their mistakes is to claim credit for beneficient events they had no hand in creating. A current debate inside policy and political circles over just who is responsible for...
Staying the Course
For the first time in decades, the October 1997 mid-term elections in Argentina will have little impact on the country's economic model. Issues like corruption in public life, the presidential succession in 1999, who finishes first in Buenos Aires province,...
The 10 Best Annual Reports of 1996.And the 10 Worst
It's getting harder and harder to find bad annual reports-an indication, perhaps, that more CEOs are actively involved in creating them. But that doesn't mean the news is all good. Perhaps tellingly, the CEOs of firms with top-ranking reports understand...
The Consulting Conudrum: Whose Profession Is It, Anyway
It's an old ritual-and an old complaint. You've got a problem. You call in the consultants. A team of specialists arrives at your door, invades your premises, searches your files, interrogates your staff, hands you a prescription, and sends you a bill....
The Good, the Bad, and the Overdone
Ranging from the Whitman Corp. report, containing the 3-D glasses necessary for viewing a world map of its global business, to Tenneco's offering, which comes packaged in one of the company's Hefty multi-purpose storage bags, this year's crop of annual...
Through the Decades-A Progress Report
The annual report was born in 1823 when Baltimore Gas & Electric Company-BGE today-introduced a new corporate concept: the annual report to shareholders of publicly held companies. Likely penned in longhand by the corporate secretary, the missive...
Treasure Hunt
William G. Kelley has been boosting sales for the nation's largest closeout retailer since the very first day he walked into a Consolidated Store back in January 1990. There to check out the wares of the company that was trying to recruit him for a turnaround...