Word: maytag
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...says John Challenger, chief executive of CGC. When a company's stock drops for several quarters, "the CEO is going to walk the plank." Tech executives led the exodus for 11 months through May, but they have since been joined by CEOs from a diverse group of companies, including Maytag and Advantage Schools...
...since the French Revolution have so many executive heads rolled--courtesy of falling profits and stock prices and impatient boards--leaving vacancies strewn all over the FORTUNE 500. Maytag, 3M, Lucent and Gillette are among the headless, and any one of them could rain instant millions on Nardelli or McNerney or similarly qualified executives...
...black men and women have reached the upper echelons of FORTUNE 500 companies--up from a handful a decade ago--only two African Americans have ever been named CEO of any of these firms: Kenneth Chenault of American Express and Franklin Raines of Fannie Mae. Prominent blacks like Maytag's Lloyd Ward have resigned or been relieved of their corporate commands. In the Internet world, the minuscule number of black chief execs was prominently diminished last month when Robert Knowling was ousted as CEO of broadband provider Covad...
Price cited 1989 as a major turning point in black advancement in business, comparing it to 1947--the year Jackie Robinson broke the color barrier in baseball. In that year, three CEOs named to lead three Fortune 500 companies--Fannie Mae, American Express and Maytag--were black...
...Very stale. You've got good company in Warren Buffett, another totemic technophobe. And I'm not saying to load up exclusively on tech stocks. But it's plain silly to encourage plain folks to avoid them. They're not that difficult to understand. If you can figure out Maytag, you can handle Dell...