Word: ordered
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Dates: during 2000-2000
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Executives at Lucent Technologies, the New Jersey telecom-equipment maker, couldn't help noticing this year that CEO Richard McGinn had morphed from an outgoing, hands-on boss who ate lunch in the cafeteria to a withdrawn figure bunkered in his office. Perhaps retreat was in order. After three otherwise successful years at the helm, McGinn had committed a series of screw-ups. Among them: missing out on optical-equipment investments that Lucent's competitors later cleaned up on and avoiding layoffs in spite of declining sales. Two weeks ago, he delivered really bad news: the current quarter's revenue...
Sound grim? Maybe, but in corporate boardrooms nowadays, patience is on back order. Firing your CEO used to be the last resort, but more and more it seems like the first. McGinn's departure made him just another casualty in the ranks of ceos ousted in the past year--including Gillette's Michael Hawley (also canned last week), British Airways' Robert Ayling and Xerox's Rick Thoman. And the list is growing. The number of CEO departures went from just 46 last September to 103 this September, according to a study by the outplacement firm Challenger, Gray & Christmas. The number...
...these activities derive from essential places in us. Psychologist Jerome Bruner says children acquire language in order to tell the stories that are already in them. We do our learning through storytelling processes. The man who arrives at our door is thought to be a salesman because his predecessor was a salesman. When the patternmaking faculties fail, the brain breaks down. Schizophrenics suffer from a loss of story...
...Files isn't the only series of a certain age adding a prominent new face and taking a prominent risk. After losing nice guy Michael J. Fox, who's fighting Parkinson's disease, ABC's city-hall sitcom Spin City added bad boy Charlie Sheen. On NBC's Law & Order, Dianne Wiest takes over from Steven Hill, who was the show's savvy, world-weary district attorney for 10 years. Law & Order, driven more by taut crime tales than characters, has gradually jettisoned its original cast and flourished ("This sounds arrogant," says executive producer Arthur Penn...
Other companies, including Ceiva Logic and Digi-Frame, sell digital frames, but Kodak's is the only one that lets you load pictures directly into the frame, send them over the Net and order prints--all without booting up your PC. The $300 base price, plus $5-to-$10-a-month usage fee, is no bargain, but it's competitive with other digital frames...