Word: ceos
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...after receiving a proxy statement from a large Silicon Valley corporation called Cypress Semiconductor, she sent back a courteous, three-paragraph form letter explaining her order's belief that corporations should include qualified women and minorities on their boards. In return, she received a six-page lecture from Cypress CEO T.J. Rodgers, who said, among other things, that views such as hers were "immoral." So much for my assumption that every little American boy is raised to be particularly polite to nuns...
Apparently, Rodgers was not simply throwing a snit at the end of a bad day. He is known as a ceo who treasures a reputation for outspokenness. His letter, which argues that virtually all people who are qualified to be directors of a major high-tech company happen to be white males and that putting people on the board for any other reason is stupid, was distributed to shareholders in the first-quarter report. The response, he says, has been overwhelming and almost totally favorable. Sister Doris' mail has also suggested that she should, as we used to say, stick...
After a decade or so of nonfiction best sellers portraying the directors of large corporations as freeloaders or pawns of the ceo or distracted celebrities or public relations ornaments or assorted varieties of windbag, there is something almost touching in the fact that so many Americans still believe corporate directorship to be a calling requiring such a high level of skill and experience that the inclusion of a woman on a board could put the entire operation in peril...
Until last week's disaster, TWA could point proudly--as CEO Jeffery Erickson did publicly--to an admirable safety record. Its financial history, on the other hand, has been absolutely dismal. TWA has flown in and out of bankruptcy twice this decade, losing more than $2 billion in the process. It has managed to survive largely on the willingness of its workers, who own 30% of the company, to grant whopping concessions to keep it from following fellow pioneers Pan Am and Eastern into aviation history...
Time Warner CEO Levin, meanwhile, having pulled off his dream deal, now has a firmer grip on his job, which had been considered tenuous while the merger was pending. Levin's reign has been marked by corporate turmoil, chaos in the Warner Music division and slower than promised reduction of Time Warner's $15 billion debt. The acquisition increases that figure to $17.2 billion, but increased cash flow will ease the debt service. Now Levin has to prove that his strategic vision can generate returns for the shareholders, who, since he took over in January 1993, have watched Time Warner...