Word: polygram
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Dates: during 1990-1990
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Timmer is known as a tough manager who demands tangible results. After 31 years with Philips, he became president of Polygram International, the company's recorded-music subsidiary, in 1983 and quickly transformed it from a money loser into one of the firm's standout successes. Timmer's reputation as a tough turnaround specialist was confirmed four years later when he moved the consumer-electronics division into the black through a combination of staff cuts and a stronger emphasis on marketing...