Word: ceos
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...YORK: After yesterday's public trashing by AT&T of outgoing president John Walters, TIME's Daniel Kadlec says the company's normally patient investors are growing restless. "CEO Bob Allen can't decide whether he's going to retire or stay. He can't decide on a successor. He has big merger plans (with Bell company SBC Communications), which the government won't let him carry out. Now he's coming out and saying, 'The guy I picked isn't smart enough for the job.' There's lots of room for investors to wonder whether this company will...
...profit of $2 million last year. The five sizable publicly traded discount airlines lost a combined $58 million in the first quarter of 1997, while most big carriers enjoyed sky-high profits. "You have to find a niche and stay with it," says Bob Reding, Reno's president and CEO. "A lot of start-ups try to grab too much, and they overextend themselves...
...company tried to avoid a head-on battle with United Airlines in its Denver hub. But Western Pacific was also missing out on the flush business market that connects there. "A lot of low-fare carriers make the mistake of trying to hide in the weeds," says Western Pacific CEO Robert Peiser, former CEO of FoxMeyer Drug Co., who took over last December. "But in the end, you always get found...
...CHRISTENSEN, is a chef who knows how to mix the dough of legislation. His Omaha district is home to a Metz bakery, a Pepperidge Farm depot and several facilities belonging to the country's largest baking firm, Interstate Bakeries Corp., maker of Wonder bread. Federal records show Interstate CEO Charles A. Sullivan and his wife contributed $3,000 to Christensen in 1996. The American Bakers Association, which gave $46,700 to House Republicans and $1,000 to Christensen in 1995-96, calls the new rule's enactment by the Committee on Ways and Means an "immaculate conception." Now that...
...Rondonia, Brazil, urban poor and rural peasants alike seem to realize that they pay the biggest price for pollution and deforestation. There is cause for hope as well in the growing recognition among businesspeople that it is not in their long-term interest to fight environmental reforms. John Browne, CEO of British Petroleum, boldly asserted in a major speech in May that the threat of climate change could no longer be ignored...