Word: bendix
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...sense, Cunningham has become a role model--not for the path successful women might pursue, but instead for the treatment women in business can expect. For three weeks one of the leading female executives in the nation, Cunningham resigned as a Bendix Corporation vice president because innuendoes that her "meteoric" rise had benefited from a close personal relationship with Bendix's chairman made it impossible for her to remain. Meanwhile, William Agee, the chairman--and the man responsible for the promotion decision under fire--has suffered embarrassment but remains secure in his post...
Cunningham's appointment as vice president for strategic planning had been confirmed by Bendix's directors, who further showed their support by denying her request for a leave of absence when the rumors began. Despite that, observers within and outsidv the corporation jumped to the conclusion that Cunningham must have used sexual favors to reach the top. Although a man a year younger than Cunningham had been appointed without incident to a top-level post the year before, as a women, Cunningham's youth automatically made her suspect. The most retrograde lesson yet drawn from the affair comes from...
...success story whose ending pleased no one. Three weeks ago, Bendix Chairman William Agee publicly denied that the promotion of attractive Mary E. Cunningham, 29, to vice president for corporate strategy had anything to do with "a personal relationship that we have." Far from scotching rumors that they were romantically involved, the announcement only put the spotlight on the two executives. Cunningham at first offered to take a leave of absence until the controversy cooled, but a committee consisting of six of Bendix's 15-member board of directors refused her request and asked her to stay...
Last week, according to a source close to top Bendix management, members of the full board told Agee that Cunningham would have to go. The board includes such top business leaders as Burroughs Corp. Chairman Paul S. Mirabito, G.D. Searle President and former Defense Secretary Donald H. Rumsfeld and Equitable Life Chief Executive Coy G. Eklund. Moreover, Agee himself came under fire from the board for his handling of the situation. Cunningham, thereupon, quickly stepped down and issued a statement that rumors "impaired my ability to carry out my responsibilities as a corporate officer of Bendix...
...letting bad enough alone demands clairvoyance. That makes it a rare art indeed, and therefore William Agee may be forgiven for not having mastered it. At least he had not mastered it by the afternoon of Sept. 24. In a fit of candor, he faced 600 employees of the Bendix Corp., of which he is chairman, and tried to put to rest once and for all the rumors that his admittedly "close friendship" with attractive, blond Mary Cunningham, 29, had anything to do with her rise from executive assistant to vice president for planning in the stunningly short span...