Chief Executive (U.S.)

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Articles from No. 144, May

Another Invisible Crisis
Created Unequal: The Crisis in American Pay, By James K. Galbraith. Free Press / Twentieth Century Fund, 431 pp. $26 Created Unequal, like other books bankrolled by the Twentieth Century Fund, describes capitalism as unfair and unstable, requiring heavy-handed...
A Well-Oiled Machine
Five years ago, in the dead cold of the Russian Tundra, 1,000 miles northwest of Moscow, Archie Dunham sat down to an important power lunch inside a hut made of reindeer skin. A leader of the local Nenet people indigenous to this land handed him his...
Balancing Act
That government is different from business is obvious. For one thing, a business can't force you to buy a product or service and then set the price you have to pay for it. Still, government does conduct business, and it ought to do so in a way that its...
Born to Be Chief
It's true many start-up founders spend half their working lives toiling away in big companies, dreaming up big ideas in their spare time and praying for the opportunity, the capital, and the nerve to take the plunge. But for Jack Hidary, co-founder,...
Diligence Long Overdue
As a young associate at a large law firm working on one of my first M&A transactions, I was shocked to see how our client, a sophisticated merchant banking firm, pushed on all the professionals to "get the deal done." About three months after the...
Drivers Wanted
When you think about moving toward some kind of global, enterprisewide, seamless, software-based computing solution to all of your business and technology problems-known by an emerging and confusing array of acronyms and initialisms (ERP, EBS, ES, etc.)-there...
Enterprise Business Solutions: So Where's the Value
Enterprise business systems are the holy grail of computing, but implementation is fraught with risk. CE gathered business leaders who have endured the process for pointers on avoiding common pitfalls along the way Imagine all the people and all the...
Fact and Fiction
Fictions of Business: Insights on Management from Great Literature, By Robert A Brawer, John Wiley & Sons, 248 pp. $22.95 I like to read books written by CEOs. They always have some unusual firsthand experiences to recount. But they're too often...
FrameworkS: Turning the Challenges of Change into Opportunities for Growth
Predictions about the next millennium are boundless. But from where we sit at Johnson & Johnson, the 21 st Century holds only one certainty: the prospect of an ever more dizzying pace of change. Competition will be tougher. Cost pressures heavier....
Goodbye to the Misery Industry
During the World Economic Forum's annual meeting, participants are encouraged to join in "world economic brainstorming," where groups are chosen at random to sit at table with a designated chairman for three 25-minute session with international politicians...
In the Digital Factory: The Next Generation
Lean, Agile, Just-In-Timeall touted as manufacturing cure-alls in the '80s and '90s. But there's a new kid (and a new acronym) in town-and makers of all shapes and sizes will have to adapt to succeed. George Bernard Shaw once observed that all progress...
Is There a Successor in the House?
Perhaps the most sacred duty of the board of directors is to see that management succession takes place as smoothly and effectively as possible. Doing so requires extremely close coordination and cooperation between the CEO and the board. It hasn't always...
Letters
THE BAD MAN'S THEATRICS To the Editor: Regarding Saatchi & Saatchi CEO Kevin Roberts' comments on the value of "theatre" ("The Bad Man Cometh," CE: Dec. '98), the energy dynamics of theater: it works when it works for the actor. When theater is done...
Let the Figures Speak for Themselves
Recently, Forbes reported that "overtired employees" in the U.S. now cost businesses a whopping $18 billion a year. The staggering figure, provided by an organization called the National Sleep Foundation, appeared in an article about companies that have...
New Architecture: Problem or Cure?
The current economic instability in emerging markets across the globe has sparked a debate over whether the Bretton Woods institutions that oversee the international financial markets have now become outdated. After the Russian default and devaluation...
Photon Man
You've heard of Moore's Law, where semiconductor price/performance doubles every 18 months; now get ready for Kalkhoven's Law, where bandwidth availability doubles every 12 months when optoelectronic technologies are deployed. Kalkhoven's company, Uniphase,...
Smugglers' Foe
The dusty truck appeared no different from others idly waiting to cross into Nogales, AZ, from Mexico. At random, Border Patrol agents decided to spot-check its cargo, as happens hundreds of times each day. But rather than rummage through the contents,...
Strategic Small Cap Investing
In September 1998, Mortgage.com, then called First Mortgage Network, received a healthy capital injection: $15 million in new equity funding from a group of venture capital companies and Intuit, creator of the popular Quicken software products. Intuit...