Word: ceos
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Chairman, CEO: Reginald K. Brack...
MEMBERS OF AN EXTREMELY PRIVATE, INVITATION-ONLY NEW York investors group called AEA thought it was a hoot when they persuaded former General Motors chairman ROGER SMITH last year to take over as CEO of one of their investments, a tidy little group of rubber-and-plastics manufacturers with operations in Ohio, Virginia and Georgia. Before long, though, the company was declining fast. Since nobody can bear to fire Smith, investment bankers say the owners are now quietly trying to peddle the firm for far less than they paid...
...concerned that responding to congressional whims will undermine America's biomedical-research structure. "We're seeing the pie being split up into smaller and smaller segments," says David Moore, an official with the Association of American Medical Colleges. "Some of these groups have to be cautious," says John Seffrin, CEO of the American Cancer Society. "They could advocate for major shifts in funding in ways that on the surface makes sense but in the long haul do great violence to the scientific effort. It raises the prospect that these precious resources can be wasted...
...sales: $6.3 billion) has joined a select group of American companies that have debunked the myth of Japan as a fortress impenetrable to outside products. But cracking the Japanese market has had deeper significance for the California-based company: with profit margins steadily shrinking in the personal-computer business, CEO John Sculley has set out to expand Apple's business into advanced consumer electronics like CD-ROM players and personal digital assistants (PDAs), far more powerful versions of the electronic pocket diaries developed by Japan's Casio and Sharp. Sculley believes Apple has a key advantage because it pioneered software...
...Locker, CEO of Locker-soccer, was not very impressed by his team yesterday...