Word: schaumburg
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When George Fisher took over Motorola nearly six years ago, the Schaumburg, Illinois-based electronics company had been chased out of the TV business, lost its lead in stereos and surrendered its No. 1 position in computer chips. It was even close to raising the white flag in cellular telephones. Fisher could have taken the well-worn corporate-turnaround path by slashing costs, closing divisions and laying off employees -- all to boost the bottom line, and ultimately Motorola's stock price. Instead he engineered one of the most remarkable transformations in U.S. corporate history, turning Motorola into a worldwide leader...
Having succeeded in Schaumburg, the 52-year-old mathematician last week announced that he would try again in Rochester, New York, this time for Eastman Kodak. It may be the most calculating task of his career. He takes over as chairman, president and chief executive officer from Kay Whitmore, whose three-year tenure as CEO came to an ignominious end three months ago when the company's board of directors asked him to resign as soon as a successor could be found...
This is a back-to-basics bunch that wishes life could be simpler. "We expect less, we want less, but we want less to be better," says Devin Schaumburg, 20, of Knoxville. "If we're just trying to pick up the pieces, put it all back together, is there a label for that?" That's a laudable notion, but don't hold your breath till they find their answer. "They are finally out there, saying 'Pay attention to us,' but I've never heard them think of a single thing that defines them," says Martha Farnsworth Riche, national editor...
...Wednesday morning. Prior to the summit sessions on Friday and Saturday, Reagan will be officially welcomed at the imposing Villa Hammerschmidt and partake of an intimate dinner with Chancellor Helmut Kohl and other foreign leaders at Schloss Falkenlust. Reagan's meetings with the summit participants at the Palais Schaumburg will include a working lunch to consider political issues. After visiting BergenBelsen on Sunday, Reagan and Kohl will fly to Bitburg, 300 miles to the southwest...
Motorols Corp., Schaumburg...