Word: waltons
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When the teams met in the first weekend of the present season, there was another role reversal. Dartmouth was missing three of its national team players—Gillian Apps, Meagan Walton, and Cherie Piper—to the Four Nations Cup. Harvard’s national team players—Ruggiero, Botterill and Chu—chose to stay. The result was a 9-2 Harvard thrashing, the biggest Crimson victory over Dartmouth in school history...
...founder and chief executive, who turned a sneaker into a household name, could save $14 million or more in taxes. Michael Eisner, ceo of the Walt Disney Co., could shave off $1 million. Still others belong to an elite tax-savings fraternity. Most notably: the five members of the Walton clan of Arkansas, the first family of Wal-Mart Stores, who could pocket $187 million...
...Walton had asked Akers to give a speech at a university near Wal-Mart's headquarters in Bentonville, Ark., and he invited both Akers and his young assistant to come by the next day to sit in on a staff meeting. That morning Palmisano was shocked to see Walton, one of the richest men in America, pull up to the hotel in his battered pickup truck and drive the two IBM suits over to his company's bare-bones headquarters. As Walton's top lieutenants spoke, the chairman took copious notes. Then, after about 90 minutes, Walton abruptly excused himself...
...have learned a lot of what he knows from Gerstner, but early in his career Palmisano gleaned valuable insights from another business legend, Sam Walton, founder of Wal-Mart. At the time, Palmisano had been tapped as a "high potential" leader at IBM and was serving a stint as an executive assistant to Gerstner's predecessor, John Akers, learning the ropes by shadowing the CEO. It was 1989, a few years before Gerstner arrived to tear apart IBM's insular culture, and Big Blue was still plagued by rigid hierarchies, endless meetings and wasteful trappings of executive life...
...Mart is increasing this year, from 25 to 40, the number of stores in China. The company introduced the Walton Institute, a program to teach local managers the master's Three Basic Beliefs (respect for the individual, service to our customers, and to strive for excellence), the 10-Foot Rule (always greet a customer when she gets within 10 feet of you), the Sundown Rule (any employee or customer request must be addressed before sundown) and other cultural foundations...