Word: analyst
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Dates: during 1980-1989
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...Some CBS insiders believe Paley had been considering replacing Backe for more than a year, because he felt Backe lacked the "vision" he wanted in a chief executive officer. Others saw a more visceral reason. "Paley only feels threatened when his president achieves something," says Anthony Hoffman, entertainment-industry analyst at the Bache Halsey Stuart Shields securities firm. "Whenever he gets the feeling that he is dispensable, he pulls the rug." Adds Michael Dann, a for mer CBS programming chief: "Paley operates his candy store exactly the same way he did back when CBS began...
...opening at the top that would quickly be filled by Brzezinski, who was mistrusted. Said a Quai d'Orsay diplomat: "It's not just Brzezinski's rabidly anti-Soviet line that galled, it was his erratic personality. In negotiations, we found him intellectually undisciplined." Dominique Moïsy, an analyst at the French Institute of International Relations, observed: "Some Europeans believe that Carter and Brzezinski negatively complement each other?the natural vagueness of Carter and the adventurousness of Brzezinski." Moscow was greatly relieved that the job would not go to Brzezinski, a man who they feel is a Soviet-hater...
...copper, nickel and iron ore. Although MacGregor is credited with the foresight of having acquired metals and energy sources before their scarcity became apparent, he is criticized for a heavyhanded management style and for failing to keep a close eye on the company's finances. Says an analyst: "His attitude was, 'I don't care what the balance sheet looks like, I'm going to acquire natural resources and some day they'll be valuable...
Sears' search for a new direction is overdue. The firm's earnings last year slid by a hefty 12.1%. Standard & Poor's has downgraded Sears corporate bonds from AAA to AA. Says Chicago Retailing Analyst John Landschulz of Mesirow & Co.: "Sears has been resting on its laurels for a decade. They need a complete merchandising overhaul...
...rose 15% in 1977, but market shares slumped and profit margins dropped. Last year Sears again shifted tactics by cutting down promotions and long-running sales to rebuild earnings. But that also failed, and sales declined 2.3%. Sears was developing an acute case of corporate schizophrenia. Says Morgan, Stanley Analyst Walter Loeb: "There is a certain sexiness about Penney's, a certain chauvinist budget-orientation about K mart. But Sears' heavy-handed male orientation doesn't appeal to women-and women are the shoppers...