Word: ceos
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Even New Age companies formed around feel-good management can't avoid it. In Portland, Oregon, Hanna Andersson, a mail-order retailer and maker of children's clothing revered for its mother-friendly workplace, recently let go 25% of its work force. CEO Gun Denhart had also won kudos for her "Hannadowns" program, in which used Hanna clothing could be returned for a 20% credit toward the next purchase. The used clothing was then donated to homeless children. But rising postal and paper costs took a toll on this company, which last year had chalked up $52 million in sales...
Several students declined to be interviewed for this series, including the daughter of corporate-takeover magnate Henry R. Kravis; the daughter of performer and Academy Awards producer Quincy Jones; and the son of Harvard Overseer and Illinois Tool Works CEO John D. Nichols...
...Larry didn't get it," explains Farzad Dibachi. Larry is Larry Ellison, CEO of Silicon Valley powerhouse Oracle Corp., which has been struggling to sell the world on its vision of a $500 computer. "It" is the idea underlying Diba, the Valley start-up Dibachi launched last winter after quitting his job at Oracle. And the idea is IDEA, the Interactive Digital Electronic Appliance, a line of cheap devices that do just one thing instead of the limitless tasks expected of a PC. For example, the Diba Kitchen Idea, above, holds thousands of recipes on a CD-ROM. Diba wants...
When Louis Gerstner arrived as CEO of IBM nearly three years ago, industry insiders saw the company's also-ran computer-operating system, called OS/2 Warp, as a likely target for the corporate ax. With just 13 million users, far behind Microsoft Windows' 120 million, OS/2 seemed doomed. But instead of killing the project, Gerstner beatified it, assigning the company's top engineers to it and giving V.P. Wally Casey a blank check for development. The results of the effort, code-named Merlin, will begin shipping to beta testers in the next month...
Other buyers, though something less than household names, represented the glittering ranks of industry and society. Anthony J.F. O'Reilly, whose day job is ceo of the H.J. Heinz Co. in Pittsburgh, Pennsylvania, bought his Greek shipping-heiress wife Chryss the 40-carat diamond ring that Greek shipping magnate Aristotle Onassis bestowed on Jackie for their engagement. Sotheby's had set its value at $500,000 to $600,000. O'Reilly paid $2.6 million...