Word: ceos
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Price is also known as a scalp collector. That's why Dow Jones chairman Peter Kann is seeing his name in print these days. A former Journal reporter and a winner of the Pulitzer Prize, Kann is considered a brilliant journalist but a less than stellar CEO. While the company has seen 9% annual average revenue growth over the past decade, its 1996 earnings of $190 million are only a shade better than those of 1986, $183 million. While Cox calls Kann a "nice guy," he also says, "Kann is not the person who should be leading the company into...
...manager is solid, it probably wouldn't merit such a promotion were his last name not Ford. But Bill Jr. won't be alone at the top. According to executives familiar with the situation, the board will also make Jacques Nasser, now president of automotive operations, the next ceo. It's a plan that balances the long-term interests of the Ford family and the more short-term ones of Wall Street. Bill Jr. declined to comment on his future but told TIME, "The two of us together would be natural. Jacques and I are very good friends. It doesn...
...earth that human activity has indeed started to warm the planet. Even business and labor leaders whose livelihood depends on the production and use of fossil fuels acknowledge the problem. "The science would indicate," says United Mine Workers president Cecil Roberts, "that there is something happening here." The CEO of American Electric Power, quoted in the current issue of FORTUNE, agrees. "It's clear to me that there is an increase of CO2, that it's probably not for the good, and we ought to do something about...
Bill Mechanic wasn't having much of a honeymoon. When he was named chairman and CEO of Fox Filmed Entertainment a few months earlier, he had been thrust to the front line in the battle to gain control over the making of Titanic, the vastly ambitious epic conceived by director James Cameron. The movie was seriously behind schedule and wildly over budget. July 4, the planned release date, had come and gone. Yet as the weeks ticked by, the obsessive Cameron showed no sign of completing his editing. Titanic was going to be in dry dock right through summer...
...responsibly by millions of healthy and normal Americans was so maligned. The vast majority of those who enjoy recreational casino entertainment are highly intelligent, successful and personable people anyone would be proud to know. Our customers deserve more respect than you gave them. PHILIP G. SATRE Chairman, President and CEO Harrah's Entertainment Inc. Memphis, Tenn...