Chief Executive (U.S.)

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Articles from No. 206, March

Acura's RL Goes for the Top
Honda's luxury division heads upscale.Farth to BMW: You have a new competitor and it conies from an unlikely direction - Honda's Acura division. The new Acura RL with a V6 engine and 300 horsepower is aiming straight at BMW's 53Oi sedan. And priced at...
All Hail the Upper Crust
AS ONE ECONOMIST SEES IT, WE SHOULD ALL INVEST IN LUXURY STOCKS.Every once in a while, someone advances a theory that should strike terror into the hearts of all sentient beings. Just such a theory was recently set forth by economist A. Gary Shilling...
Are the Big Four Gouging?
Nearly three years after the passage of Sarbanes-Oxley, audit costs at public companies are soaring, spurring outrage among CEOs. BY MIKE BREWSTERAs a licensed certified public accountant and a former auditor at one of the Big Four accounting firms,...
Baja or Bust
Beyond the beach and the links, the adventures begin in the brilliant waters off Los Cabos. BY SCOTT HENJUMThe baggage carousel at Los Cabos International Airport reveals just a sampling of the outdoor activities offered throughout the sun-soaked Baja...
Building Corporate Cultures
FINANCIAL CONTROLS ARE FINE, BUT DON'T FORGET ETHICS.A recent survey by Junior Achicvemcnt/Deloitte & Touche USA found that nearly one-third of teens believe you have to bend the rules to succeed. One has to wonder how that response was influenced...
Competitiveness, Take Two
In the late 198Os, I was part of the great debate about Japan and its inroads into Ithe U.S. That debate about U.S. competitiveness helped create a tangible response to Japan. The key was unleashing technology-the 1990s produced phenomenal innovation,...
Creating A Blue Ocean of Profit
CEOs should not merely compete in commoditized sectors. They must break free.The American wine industry is worth $20 billion a year. Competition is fierce and dominated by a handful of key players. Add in stagnant demand and the picture hardly seems...
Deficits Are Cause for Concern
CEO CONFIDENCE INDEXCONCERNED ABOUT the nation's yawning budget and trade deficits and the costs in time and money to comply with the Sarbancs-Oxley Act, chief executives are tempered in their outlook on the U.S. economy. At the same time, they say,...
Going with Your Gut
Turnaround veteran Dick Huber says good instincts are as crucial as strategy.Appointed interim CEO of American Commercial Lines LLC in 2004 after serving on the company's board since 2000, Richard Hnber is a turnaround veteran who has led restructurings...
Hello, Vietnam
Three decades after the companies of that era are seeking new footholds.Thirty years after the fall of Saigon, there's a surprising twist to the business environment in modern Vietnam: The U.S. companies that were most closely assoeiatecl with what's...
How to Revolutionize Your Business
Sometimes the only way to avoid stagnation is to force your company in a direction it doesn't want to go. BY JENNIFER PELLETEverybody has a war story to tell. In fact, any CEO who's been in business for any length of time has likely led a radical strategie...
HSBC Charges into the U.S
The London bank sees the U.S. as one of the world's ripest targets.At a recent HSBC board meeting, Sir John Bond stood up in front of the bank's directors to deliver a detailed report on a subject of considerable importance: the group's record on acquisitions....
Kilts Payout: The Last Great Deal?
MERGERSTHE $57 BILLION MERGER of Gillette and Procter & Gamble was definitely big news. It marked tbe end of an era for the 104-year-old seller of consumer products and made P&G the world's largest household goods maker.But Gillette CKO Jim Kilts's...
Nanotechnology Is Getting Real
AFTER YEARS OF HYPE, IT IS ENTERING THE MARKET.It's keen easy for chief executives to* dismiss nanotechnology as pseudo* science or just plain hype. After all, scientists and engineers like me have been proclaiming it as the "next big thing" for years...
Shifting Shores
Some CEOs have concluded that the cost gap between their U.S. operations and what is available in China is so huge that achieving efficiencies of 10 to 20 percent at home simply isn't enough. "If you are still producing anything labor-intensive, get...
The Advantages of Being Small and Private
BIG PUBLIC COMPANIES AREN'T ALWAYS THE SMARTEST.People who run businesses often dwell on the advantages of large, publicly held companies, whether they are competitors, customers or suppliers. What we often forget is that smaller, private firms enjoy...
The China Riddle
To survive, smaller U.S. manufacturers will have to export. Therein lies a dilemma. BY DALE BUSSOnce a week, Jay Williams pulls up a spreadsheet on his personal computer and prints it out. It's an eyes-only list, which he updates on the basis of his...
Trade: A Better Path to Freedom
EDITORIALSWE'RE HEARING A LOT about "freedom" these days and Ii?w it requires a major escalation of military spending to achieve it. In some cases, mat may be necessary. But an important part of the debate is missing.The question is, Freedom from what?...
Varian's Triple Threat
The company won big with a radical restructuring.When Ernest Godshalk joined Varian Associates in 1998, the 50-year-old Silicon Valley company was a conglomerate with three disparate businesses, struggling to communicate its value to investors. Here,...
What Lurks Ahead?
CEOs up by "China euphoria" could one day be surprised.Chief executives of many major companies, ranging from General Motors to Citigroup and from Motorola to Lucent, are investing billions of dollars in China. To a large extent, they have learned how...
When Work Hits Home
Few CEOs seem to realize that it pays to offer a balance.Pernille Spiers-Lopez, 45, liacl her moment of truth about work/life balance about five years ago, when she found herself in the back of an ambulance, its lights flashing and siren wailing as it...
Will Air Taxis Fly?
Once bitter rivals, Don Burr and Robert Crandall team up to challenge the private jet industry. BY JUSTIN MARTINUntil very recently, it probably would not bave been wise to seat these two men together on a cross-country flight. Don Burr is the founder...