Word: ceos
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When a company such as Reader's Digest performs so poorly for so long, shareholders usually revolt, forcing directors to make drastic changes. But in Digest's case, the board, which is supposed to be independent, is in the grip of the CEO. That would be George Grune, 68, who because of an unusual stock arrangement holds sway over enough voting shares to remove every Reader's Digest director. Grune's power source is his role as chairman of two charitable funds established by the company's childless founders, DeWitt and Lila Wallace, who died in 1981 and 1984, respectively...
Eric Hippeau, chair and CEO of Ziff-Davis Inc., also presented a keynote address in which he discussed issues concerning privacy on the Internet, self-regulation of the industry and the recent initial public offering of Ziff-Davis on the stock exchange...
According to C. David Seuss, founder and CEO of Northern Light, "There is a lot of free information [on the Web], sometimes good, but too often...
...looks like a good bet that Compaq CEO Eckhard Pfeiffer will reach his audacious goal of $50 billion in sales by 2001. That would have seemed impossible when the German-born Pfeiffer replaced ousted co-founder Rod Canion in 1991, a year in which price wars and a slumping economy cut Compaq's sales 10%, to $3.2 billion. Pfeiffer applied American management techniques, slashing payrolls and streamlining manufacturing. He used the savings to launch lines of lower-priced PCs. In '96 he led the company into high-margin, big-iron computing, buying Tandem Computer for $3 billion. Tandem's machines...
...Lewinsky's behalf, Jordan makes calls to American Express and the CEO of advertising giant Young & Rubicam. Immediately afterward, Lewinsky sends letter of application to Burson-Marsteller, a Y&R subsidiary...