Chief Executive (U.S.)

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Articles from No. 114, June

Ameritech's Excellent Adventure
Moving from a regulated to a deregulated business. environment can be an experience akin to "Bill & Ted's Excellent Adventure," or, on the downside, the appropriately named sequel, "Bill & Ted's Bogus Journey." While some industries (the airlines,...
Automatic Pilot
Seduced by the profits to be made in the newly deregulated airline industry, upstart carriers jammed the skies in the early 1980s, luring passengers with cut-rate fares accompanied by only the obligatory packet of peanuts. Not exactly the best time to...
Checks and Balances in the Boardroom?
Does splitting the titles of chief executive and chairman of the board create a system of checks and balances for corporations-or confusion and dissension? Research bears out the argument that, in the boardroom at least, one head is better than two....
Eight Degrees of Excellence
Our next issue will feature CE's 1996 Chief Executive Of The Year. It will be the 11th anniversary of this award, which is unique in that the selection process is completely peerdriven. Each year, we ask our CEO readers to nominate candidates who have...
Ending Corporate Welfare as We Know It
In a 1994 speech, U.S. Secretary of Labor Robert Reich coined the term "corporate welfare." Like "welfare queen" and "quota queen," it quickly became a household phrase, popping up in both the mainstream and financial press. It was an issue on which...
Leading Questions
The most widely written about subject in the world is leadership. What are the qualities of a leader? How much is natural, what can be taught, and how much must be learned from experience? Do business leaders differ from political, military, or athletic...
Letters
GETTING INTO THE SPIRIT To The Editor: I read with interest the article entitled, "Through The Needle's Eye: The Spiritual CEO" (CE: January/February 1996). I live and work each day with Christ as the center of my life, and was pleased to learn that...
Life after Electronic Forms
So your company recently installed an electronic forms software program, and you're feeling pretty good about easing your human resources department's workload while saving a few trees in the process. As a bonus, your new central HR system also helps...
Making the Most of Other People's Money
Enron Capital & Trade Resources, an integrated energy company, recently used private equity to secure long-term funds for expansion. Graphite producer UCAR International used it to re-engineer itself. Quantum Restaurant Group used it to build itself...
Man of the Cloth
When apparel maker Haggar Corp. rolled out wrinkle-free slacks that proved immensely popular in late1992, VF Corp.'s Lee unit was caught napping and forced to play catch-up. But it narrowed the gap in a hurry, producing its first lots in 1993, and pumping...
Not So Handily Recycled
GODS OF MANAGEMENT: The Changing Work of Organizations By Charles Handy. Oxford University Press, 254 pp., $22. BEYOND CERTAINTY: The Changing Worlds of Organizations By Charles Handy. Harvard Business School Press, 240 pp., $19.95. Charles Handy has...
Of Market Bondage
Last fall, Yale University Law School Professor Charles A. Reich published an apocalyptic little book entitled, "Opposing the System," which argued that Americans were being victimized by "a merger of governmental, corporate, and media power into a managerial...
Opening the Lines of Communication
Russia has significant barriers to political and economic reform, but James Hatt doesn't want a telephone call to be among them. As the CEO of $30.7 million Petersburg Long Distance, which provides local, long-distance, and international telephone service...
Retailers Master the Art of Speed
Wal-Mart, with $100 billion a yea in sales, has mastered the art of speed with an elaborate system that ties the retailing powerhouse and its thousands of suppliers together in an network of information, just-in-time inventory, and up-to-the-second sales...
Russian Investors See a Red Flag
As photo opportunities go in an election year, Workshop Seven beat baby-kissing hands down. Crammed with gleaming Ilyushin jets, the plant-at Voronezh, Russia, 300 miles south of Moscow-has been touted by the Yeltsin administration as a model for Russia's...
Society's Re-Engineered Future
When AT&T recently announced plans to restructure into three separate businesses and lay off 40,000 workers in the process, public opinion about downsizing reached critical mass. The pent-up rage of a decade in which up to 5 million middle managers...
Solving the Board Puzzle: How to Select the 'Right' Directors
Choosing directors is a delicate operation. A wrong move can jeopardize both the board's effectiveness and the company's success. Here's one CEO's process for selection. During a CEO's tenure, he or she will make countless decisions that affect the company...
Strategic Agility: Flexibility Is Key
What does it take to become strategically agile in today's rapidly changing global market? At Eastman Kodak's second-largest revenueproducing unit, the $2.5 billion Professional & Printing Imaging division. we had to reinvent ourselves to anticipate...
Taking Stock of Foreign Investment
John Pepper, chairman and chief executive of Procter & Gamble, perhaps best articulated why investors should look at an old investment standby, the U.S. consumer goods category: Pepper told shareholders that half of P&G's sales were in North...
The Brainmaker
The Internet is the computer," has been the mantra of Sun Microsystem's Scott McNealy since 1989. Six months ago, Oracle's Larry Ellison announced his vision of what he calls a "network computer"-a $500 open-systems machine that, when linked to the Internet...
The Changing of the Board?
Who will be your next director? Probably a white, male, American baby boomer who's already a corporate executive, according to a CE/Heidrick & Struggles survey. What are respondents looking for? Specific expertise wins out over international representation...
The Need for Speed: How Customer Communications Puts Time on Your Side
The drive to deliver new products and services and to respond to a changing marketplace with the least delay has become business' equivalent of breaking the four-minute mile. Companies that recognize the value of quick response time can achieve astonishing...
"What Makes Global Advertising Work?"
or you don't You either have it The more corporations seek to extend their brand-name products into increasingly diverse international markets, the louder the debate over the potential effectiveness of global advertising will rage. Some companies, burnt...