Chief Executive (U.S.)

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Articles from No. 103, May

Adler of Adaptec: Telling the Truth
For John Adler, chief executive of Adaptec, vision isn't just a "thing." It's what pushes his company forward. "A vision is essential," says Adler, 58, a native of Hungary. "Culture guides thinking, and thinking guides action. If you don't have a vision...
All the Deductions You Deserve
It's a never-ending pursuit: trying to interpret the ever-changing tax code to make use of all of the deductions to which you are entitled. While tax-saving opportunities exist for almost everyone, in the form of IRA contributions and deductions for...
A Road Map for Tax Reform
Tax reforms happen, inevitably and by accident. Once the tax provisions in the "Contract with America" have been addressed, Congress and the tax policy community will begin the long trek toward a new federal tax law. The changes they enact could well...
Bankers' Trust
Nicholas W. Leeson, the trader and speculator who lost $1.4 billion of his employer's money, had a nickname at 233-year-old Barings Bank. They called him the "Wunderkind from Watford." Watford is a gloomy, gray, working-class neighborhood outside London.For...
Birck of Tellabs: Managing Expectations
When Tellabs CEO Michael Birck graduated from college, he wanted to do three things--get married, get a job, and go to graduate school--all at once, all in Indiana. Only two industries there offered jobs and tuition assistance: telecommunications and...
Build versus Buy: Resist the Seduction
Are you a software company? No? Then why are you spending millions of dollars a year building software? My software company uses photocopiers, but it doesn't manufacture them. We travel all over the county, but we don't build airplanes--or pilot them.For...
CE Roundtable: New Directions in Tax Reform
Last year, total U.S. tax collections exceeded $2 trillion for the first time. Much of the tax code is cluttered and counterproductive. Politicians have been calling for a wholesale change for years. This year, due in part to the Republicans' "Contract...
Charting the Chief Executive 100 Index
In 1992, we began to track the performance of the CE 100--a set of companies that posted superior stock-price gains over a three-year period with a single CEO in place--and to compare it with that of the benchmark S&P 500 Composite Index. Our premise...
Forecasting Tax Reform Effects
Whatever tax reform is eventually enacted into law, if projections bout its effects aren't accurate, it won't have the desired impact.That's the warning issued by opponents of the current forecasting method, which they describe as "static," because it...
Hot Lead Meets High-Tech
On the 17th floor of 200 Liberty St.--a stones throw from the towering World Trade Center and a short walk from Wall Street--Peter Kann's office faces west, with a panoramic view of New York Harbor and the Statue of Liberty. Inside, in a sequence that...
John Tugwell
John Tugwell decided to give up his Harley-Davidson motorcycle two years ago after a nasty run-in with a pothole. But the president, CEO, and chairman of NatWest Bancorp, the U.S. unit of National Westminster plc, hasn't backed off from the challenges...
Kavelle Bajaj
Hackers such as Kevin Mitnick, who earlier this year was arrested for breaking into Motorola's computer system, strike fear in the hearts of most corporate managers. But to Kavelle Bajaj, these high-tech outlaws are just another business opportunity.Bajaj,...
Kenneth L. Way
You'd think there might be fireworks, or at least a brass band out front. After all, how many other $3.15 billion companies can crow about average revenue growth of 31 percent over the past 11 years, including a 61 percent jump in sales last year? But...
Morgan of Applied Materials: Planning for Profitability
James Morgan, 56-year-old chief executive of Applied Materials, is the kind of leader Wall Street adores and business schools put on pedestals. Under his aegis, Applied's stock price rose more than 379 percent between 1992 and 1994. The company expects...
On Advice and Advisers
One thing CEOs have plenty advice. It seems everyone wants to tell the CEO about how to manage the company better.Your managers tell you in reports and meetings, although they frequently disagree with one another as to the right course of action. In...
Peter McCausland
With his boyish face and habitual bow-tie, Peter McCausland, 45, still looks like the young lawyer from Philadelphia's Main Line he once was. Only today, he's the chairman and CEO of Airgas, the country's largest distributor of industrial, medical, and...
Signposts along the International Highway
How did the Japanese, who seemingly came from nowhere to dominate international manufacturing, manage to lose hundreds of millions of dollars in the U.S. real estate market? Why did the Japanese, so clearly capable in international business, stumble...
Soul Brothers and the Future
Founders of companies rarely do it alone. Most go into business with one or more colleagues or friends. Some high-profile examples are the Steves, Wozniak and Jobs, who started Apple Computer; and Ben and Jerry, who went into the ice cream business....
Stupified
For the past year or so, cultural critics have been ranting about the rise of dumbness as the dominant motif of American popular culture. What began almost two decades ago as a series of amusing gags--Chevy Chase's pratfalls on "Saturday Night Live,"...
The Birth of Bangladesh: A Report from the Front
A generation ago, East and West Pakistan were separated by 1,000 miles of northern India and a broad range of religious and political differences. In December 1970, East Pakistan's Awami League, headed by Sheikh Mujibur Rahman, sought full autonomy for...
The Mess in Mexico
The economic meltdown in Mexico over the last three months raises a number of important policy issues. Will the new economic recovery program stabilize the domestic economy and restore investor confidence in what was one of the "hottest" emerging markets?...
The Next Health-Care Debate: ERISA
Federalism seems to be making a comeback in Washington. Welfare, nutrition, and crime-prevention responsibilities soon may be shifted from the national to state governments.But this trend may backfire in the great health-care debate of 1995, as governors;...
Then There Were 10
Ten years ago, Chief Executive initiated a unique, annual award to honor a CEO whose business and management performance serves as a beacon of excellence to others. Though there are many awards given to top executives for many reasons, ours differs in...
The Politics of Race
RACE AND CULTURE: A World View By Thomas Sowell. Basic Books, 331 pp., $25.Affirmative action may well be the hot issue in next year's election. Already, Republican presidential candidates Pat Buchanan, Phil Gramm, and Robert Dole are challenging federal...