Word: ceos
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RESIGNING. JEFFREY H. ERICKSON, 51, CEO of Trans World Airlines, who received criticism for his company's handling of the crash of Flight 800. His announcement came hours after TWA reported a $14.3 million quarterly loss...
...they are just about everywhere else. In a shocker, AT&T, the nation's 10th largest company, with estimated 1996 revenues of $51 billion to $52 billion, dialed long distance--to a Midwest commercial printer, of all places--to find John Walter, its new president and heir apparent to CEO Robert Allen, who will retire in 1998, two years early. "When one of the world's largest companies loses its president and can't find anyone inside, what's going on?" asks Sprint CEO William Esrey...
Walter, 49, the former chairman and ceo of R.R. Donnelley & Sons in Chicago, joins AT&T this week. Relatively unknown, he has been thrust into the spotlight and asked to supercharge a company at the opposite end of the communications spectrum. Walter is experienced at the art of change management, though, having put R.R. Donnelley through a complete restructuring as it coped with technological shifts in its industry...
Costley believes that the American Dream can be reinvigorated if families have economic security, reliable health care and, most of all, education. A good education, he says, is a person's only hope of bettering himself or herself. In a land where a ceo now makes 190 times more than an average worker, Costley believes we lose our greatest source of national pride. But good ideas from a candidate with no experience may still leave Costley with a tough race...
BORN: Nov. 19, 1955, Brooklyn, N.Y. EDUCATION: Niagara U, B.S., 1979 FAMILY: Wife, Linda; four children RELIGION: Jewish MILITARY: Army, 1979-92; Army Reserve, 1992- OCCUPATION: CEO and president of multiple-listing service POLITICAL CAREER: None ADDRESS: P.O. Box 4126, Cherry Hill...