Word: chairmanship
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Dates: during 1990-1999
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...board. Two months ago, the board at American Express moved to sack him after a long string of blunders and miscues. Robinson initially agreed to step down when a successor was found. Then, after a divisive battle, Robinson faced down the board and early last week held to the chairmanship, picking his chosen successor, Harvey Golub, as chief executive. Three dissident directors resigned. Robinson's triumph lasted just four days, during which Amex stock dropped 13%. Investor groups began to call in. On Friday, yielding to pressure from all sides, Robinson gave up. "We made what we thought...
...save face by resigning for health reasons. Instead, he laid the cause of his departure at the feet of the directors, thereby calling attention to the board's handling of the coup they seemed to be planning. Declaring that "the effects of rumor and speculation" had crippled his chairmanship, Stempel stepped down on Oct. 26 from the helm of the world's largest company...
During his chairmanship of the Texas War on Drugs Committee, Perot supported several unorthodox police procedures. None has generated more heat than his call for a "civil war" against crime and drugs. In 1988 two different journalists wrote that Perot encouraged Dallas cops to "go in ((to high-crime neighborhoods)), cordon off the whole area, going block by block, looking for guns and drugs." When the stories first appeared, Perot was mum -- a telling silence since no one can recall his having ever let a perceived inaccuracy stand uncorrected. Today, however, with such famous civil libertarians as Dan Quayle predicting...
...Iacocca's failure to groom a successor from within as perhaps his greatest managerial shortcoming. "Chrysler should never have gone outside the company," observes Eugene Jennings, a management professor at Michigan State University. Even after Iacocca nominally retires, predicts Jennings, he will try to cling to power through his chairmanship of the executive committee...
Brown has been able to convey an authentic outsider mentality despite the fact that two years ago he was the head procurer for the Sacramento branch of the professional political class. The chairmanship of the California Democratic Party was an odd job for someone who had never slapped a back and who once vowed to limit state lobbyists to "two hamburgers and a Coke." His tenure there is now held up by party regulars as an example of unprincipled ambition. But Brown looks back at the two-year stint as party chairman like an alcoholic at his last binge...