Word: boardroom
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Only three months ago, Laurence Tisch, 63, was being toasted as a hero at the Manhattan headquarters of powerful CBS. The billionaire chairman of Loews had suddenly emerged, to resounding cheers, as the No. 2 network's acting chief executive officer, after a dramatic boardroom confrontation with Ousted Chairman Thomas Wyman, 57. Many CBS employees hoped that the changeover, which also brought back Network Founder William Paley, 85, as acting chairman, would mark the onset of a new golden age for the tradition-minded broadcasting giant and the end of months of upheaval and austerity. CBS, exulted 60 Minutes Correspondent...
Smith did, however, fire back a few potshots at his boardroom critic. Perot "wants nothing better than the best for GM," Smith said, adding that "he is a different type of guy than we are in GM. He is impatient. I think part of it is just his natural inclination. Part of it, of course, is (that he is) not very familiar in total with our business." As for charges that GM gives its executives excessive perks, Smith retorted that Perot's office at EDS in Dallas "makes mine look like shantytown. He has a Gilbert Stuart painting hanging...
...concern in CBS's boardroom last week was less about the treacherous economic waters than about the quality of Wyman's stewardship. Says Ernest Levenstein, a media analyst at the Shearson Lehman Brothers investment house: "This is not a story about a financially troubled company. This is a story about power and control...
That feeling began to change soon after the board convened the next day in the Italianate boardroom personally designed and decorated by Paley. Wyman and other senior executives briefed the directors on CBS's prospects and strategy. The presentation was later described by some of those present as lackluster. But it contained a bombshell: at the outset Wyman asked the board to authorize continued negotiations with Coca-Cola over the purchase of CBS. By implication, that meant he had already held talks of some kind; a Coca-Cola spokesman later volunteered that "there was contact, but there was nothing...
...discount brokerage, and has turned it into one of BankAmerica's minor gems (1985 profits: $11.4 million), with himself starring in the brokerage's television commercials. But the marriage soured as BankAmerica's fortunes plummeted, and the entrepreneurial Schwab earned a reputation as something of an impatient boardroom maverick. Indeed, he was known to have sold off most of his 850,000 BankAmerica shares last year...