Word: beene
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Dates: during 1990-1999
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So last week the business world was shocked when Ivester announced he would retire next April to make way for "fresh leadership," putting an end to a tenure that was as extraordinarily rocky as it was brief. The Georgia native insistently echoed company statements that stepping down at age 52...
The question gnawing at everyone is whether a company that already controls 51% of the world's soft-drink market can sustain Ivester's relentless strategy of pumping up sales 7% to 8% a year. "Coke has been this perpetual growth machine," says Ari Ginsberg, a management professor at New...
In fairness, Ivester inherited Goizueta's strategy. And he took office just as Coke's foreign markets, which account for nearly 75% of its profits, were sinking from Moscow to Manila beneath a worldwide wave of currency devaluations. That tanked sales and turned many of the lavish investments that Coke...
As she walked into an ornate conference room in Hafez Assad's Damascus palace last week, Madeleine Albright stole a quick glance at the door to a nearby bathroom. The only excitement during her previous meeting with the Syrian President had been getting locked in that bathroom until a security...
For the past three months, Washington--mostly in the persons of Ross and National Security Adviser Sandy Berger--has been acting as a secret go-between for Barak and Assad, working to restart the Golan Heights talks, which broke off four months after the 1995 assassination of Israeli Prime Minister...