Word: ceos
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...such as Ghostbusters, The Karate Kid and When Harry Met Sally . . ., Columbia's movie-production unit has been floundering for years. The most spectacular flop: Ishtar, the Dustin Hoffman-Warren Beatty desert lark released in 1987, which lost $25 million. Three top-management teams have come and gone since CEO David Begelman was forced out in 1978 amid a financing scandal. Coca-Cola, which bought the studio in 1982 and still controls 49% of its stock, fired British producer David Puttnam (Chariots of Fire) in 1987 after barely a year at the helm, during which he accomplished little besides alienating...
While outsiders often have trouble adapting to Hollywood's insular ways, Sony appeared decisive and savvy last week. Columbia CEO Victor Kaufman and chief operating officer Lewis Korman announced that they would be leaving once the deal was set. At the same time, Sony said it agreed to pay $200 million to buy Guber-Peters Productions. One of the hottest producer teams in Hollywood, Peter Guber, 47, a former Columbia production executive, and Jon Peters, 42, who got his start as a hairdresser to the stars, produced Rain Man for United Artists and Batman for Warner Bros...
Both faculty and students agree in their characterization of McArthur as the model corporate figure whose role--the CEO--is delineated daily within the school's case studies. For better or for worse, he does what is necessary to run the great MBA factory across the river--promoting growth through his executives and middle managers, but rarely fraternizing with the workers...
...Dean McArthur realizes that what we do is important for the school," says Stubblefield. However, she explains that "the CEO is McArthur, but the COO [the chief operating officer] is Sasser. McArthur is more of the big-picture thinker, setting strategy--Sasser is more of the implementer...
Most certain about McArthur's role is that it is not likely to change anytime soon. Efficiency is the key to success in the business world, and although McArthur may not be a campus presence, he is an efficient CEO. Even if his company is meant to be a part of academia...