Word: ceos
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...HIGH-FLYING, HIGH-VISIBILITY world of media moguldom, Frank Biondi has always been the rare bird: a quiet one. As the president and CEO of Viacom--the conglomerate that owns the Showtime and mtv cable networks, Simon & Schuster publishing, the Blockbuster video chain and Paramount's movie and TV empire--he has been regarded as a smart, low-key executive who stresses teamwork over autocratic rule. But being a team player is not always an asset when the reigning autocrat--in this case, Viacom chairman Sumner Redstone--wants to run the show. Last week, in a move that surprised practically...
...company's directors except him. Over a breakfast that almost no one touched, Redstone spent 15 minutes explaining why he felt Biondi was not providing the "nimble and aggressive" leadership the company needed. After 2 1/2 hours of discussion, the board voted unanimously to oust the CEO. "It was a very intense meeting," recalls director George Abrams. "Later Sumner told me it was one of the toughest things he ever...
...because technically he had been terminated from his former positions--even though he became cochairman and co-chief executive of the parent of the merged companies, Health Systems International, a job that paid a base salary of $865,000. "I gave up my sole authority as president, chairman and ceo," says Greaves, "and my contract said if that happens you get paid out your contract. So as any businessman would--anybody would--I exercised my rights." In 1994, when the merger took effect, his income, including the termination payment, bonuses and base salary, would total $3.2 million...
...record sales generated between $750 million and $900 million in revenues last year. Fans are young and old; many are religious, but some just like the music. "There's more money and better distribution than there was two or three years ago," says Billy Ray Hearn, chairman and CEO of EMI Christian Music Group. "We're reaching more audiences through mass marketing at Wal-Marts and K Marts...
...understand, from talking to our customers, that the primary concern with this transition is not in the name over the door, but rather the continued availability of The Coffee Connection roast," said Starbucks Chair and CEO Howard Schultz in a full page ad in the Boston Globe on Thursday...