Chief Executive (U.S.)

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Articles from No. 167, May

A Helping Handicap
Lars-Eric Petersson says his golf handicap will never improve beyond 18. "I'm very happy with it," says the chief executive of Swedish savings and insurance company Skandia. "And no one ever outperforms their aspirations." The same principle, he argues,...
Business Smart Media Dumb
Yesterday you were a behind-the-scenes hero to your shareholders, peers, and employees. Today, the media is camped outside your door. Your 15 minutes are at hand. Are you ready? What a difference a year makes. In December 1999, Bridgestone/Firestone...
Cool Hand Kovacevich
Sometimes, when you're a CEO, there's only one thing to do when everybody's telling you you're destined to fail if you don't play by their rules: Do it your own way-and prove them wrong. It's not every CEO who freely admits to swiping other people's...
Death to the Corporate Tax!
While the White House, Congress, and the Fed debate how to revive the American economy, one remedy remains off the table. Eliminating the federal corporate tax would enhance domestic output dramatically and shift U.S. industry onto a much higher growth...
Equal Pay for All Directors?
Traditionally, all outside directors receive substantially the same compensation for serving on a corporate board-the prestigious CEO of another company, the first-time director, the long-term mentor to the CEO, the college professor, the distinguished...
From Acromony to Matrimony
The game of "show me yours and I'll show you mine" has never been so popular-nor so dangerous-as it is in today's consolidate-or-die world. So how does a CEO decide how much to expose? TO GO WITH YOUR GUT or not to go with your gut? That is the question...
Is This Marriage Made in Heaven?
For years Don Marron expressed little interest in merging PaineWebber, and turned his company's many suitors away at the door. But then UBS AG came a'courting and convinced Marron to give married life a try. Here's what this CEO says he's learned. On...
Letters
Greenspan Slammed To the Editor: I was disappointed to read the criticism of Alan Greenspan in Deroy Murdock's column, "CEOs Speak Out Against Greenspan" (CE: March 2001). There's confusion about the tasks and responsibilities of the Chairman of the...
Merger Counseling
PaineWebber's experience notwithstanding, some marriages are just made in hell. Often the expected synergies fail to surface, or become buried beneath cultural issues, lackluster due diligence, or poor integration. "When that happens, the situation can...
Oxford's Strong Medicine
Sometimes Dr. Norm Payson has anxiety dreams about leaving his family practice to become a CEO. That he would admit this at all indicates he's no typical executive. His decidedly bedside manner is another clue. Some days the Wall Street scrutiny or the...
Real Jobs for Real CEOs
Amid the tattered remains of our equity portfolios and the erosion of our bottom lines, it's easy to forget that this-leading a company through troubled times-- is what CEOs really get paid for. And that the best CEOs always make their marks-and their...
The Real Roots of Inflation
Not long ago, the Wall Street Journal profiled a Massachusetts barber who had just raised the price of a haircut from $10 to $11 because of staggering losses he had sustained in the stock market. William Flynn, whose exploits had been chronicled in a...
This Old Company
Put on your hard hat. The loth annual CEO Growth 100 suggests corporate remodeling is the key to building value-- and ensuring survival. When it comes to improvements on the home front the most effective CEOs tackle the dual role of architect and general...
Turkey Shoot?
Turkey's renewed currency woes-which saw the lira's value drop by more than a third after it was allowed to float freely in February-- once again highlight the financial vulnerability of emerging markets. That in itself is not new. It was just this past...
Visionaries Dream Electric Sheep
The year 2001 seems like the perfect time to appraise whether predictions about the future were accurate, relevant, and, the highest of all honors, self-fulfilling. Two authors' prognostications are worthy of consideration by CEOs not only for their...
When E-Brands Fail: Building New Brand Value with Old Brand Tricks
Quick, name a top-of-mind Internet brand. Okay, now how about nine more? Sure, there's Yahoo and AOL, and maybe Amazon.com-if that dicey order-fulfillment problem hasn't blackened its name-but it's not an easy top-10 list to make. In fact, a recent Accenture...
You Can Go Home Again
Size doesn't matter at all to Stephen Carter when it comes to picking his favorite golf hole. That's because the one he selects is the shortest you'll ever find on a championship golf course, the 7th at the Pebble Beach Golf Links. The 7th measures only...