Word: ceos
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...Coca-cola chairman Roberto Goizueta showed up to salute a group of American immigrants as they took the oath of citizenship at Monticello, the home of Thomas Jefferson. Coke's boss eloquently recalled his own family's flight from Cuba and eventual naturalization as proud Americans. Said the courtly ceo: "When my family and I came to this country, we had to leave everything behind...our photographs hung on the walls, our wedding gifts sat on the shelves...
Columbia's size allows it to demand deep discounts from suppliers. The company's doctors, for example, have been encouraged to buy hospital gowns from a single source for a 20% saving. And according to Graef Crystal, who tracks CEO pay, Scott's 1995 salary of $858,000 was 20% less than the rate in his league (though his Columbia shares are worth $6.9 million). "You know if you've been in the hospital that you don't like the process," says Scott, who lives in Nashville, Tennessee. "We focus on how we can make it enjoyable...
Kerrey recruited his candidates like a zealous corporate headhunter eager for his 10% commission. In Idaho he tried to persuade Minnick, a former CEO of the construction-products firm TJ International, to challenge first-term Republican Larry Craig. For several months, he called every week, and each time Minnick said no, he was too old, didn't like Washington and couldn't win anyway. Kerrey authorized a $25,000 poll and found out that while Minnick's popularity was just 11%, only one- third of Idaho voters recognized Craig's name, and many were more moderate than...
Fortress Frito-Lay began to assume its present state in 1991 when Roger Enrico, now CEO of parent PepsiCo, was put in charge of the division. The company's market share had fallen to 38% from 42%, but profits were solid because Frito-Lay kept raising prices. Raising prices while losing share is a recipe for disaster in an era in which value is a driving force in consumer behavior. Worse, when Frito-Lay compared its snacks with those made by Eagle, it concluded that its rival's were better...
With some analysts predicting billion-dollar sales drops for the PC industry this year, and with Oracle dangling a $500 computer in front of consumers, you might expect to find Intel CEO Andy Grove sneaking a peek at other platforms. No chance. Grove's hole card: revolutionary Intel technology called MMX (matrix manipulation extensions) that will load already speedy Pentium chips with a set of fast multimedia instructions. Intel engineers say MMX is the company's greatest advance in a decade--bigger even than the Pentium...