Word: boardroom
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Dates: during 1980-1989
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Spiffed up in a business suit, Betty appears to be a woman who would feel as much at home in the boardroom as in the kitchen. According to General Mills, up to 30% of men do at least some of their own cooking, and the new Betty is intended to be "similar to someone businessmen work with. We wanted someone they would trust with their baking questions...
...purpose to be "revolutionary." By the end of their two-day conclave, the 31-member Council of Institutional Investors, a group of pension-fund managers who control assets of nearly $200 billion, had endorsed a ringing "Shareholders Bill of Rights," intended as a challenge to every major U.S. corporate boardroom. Among other things, the group of hitherto largely passive investors drawn chiefly from the public sector demanded a new voice in all "fundamental decisions which could affect corporate performance and growth." Predicted Brenda Steinhour, a money- management executive who observed the session: "Proxy power is going to be a major...
There is a touch of mischief mixed in with his boardroom appearance. His darting mannerisms are not those of nervousness, but of a boyish restlessness, masking a powerful intellect. He is less successful at concealing triumph. Last week after the Hughes deal was announced, Smith walked with a spring in his step, bearing the happiest of inner smiles...
...Neon," a photographic exhibit mounted by the Smithsonian Institution, has been touring the country for 21 months, and a book with the same title by the show's curator, Design Writer Michael Webb, has gone to a second printing. At the Chicago Museum of Contemporary Art, after a boardroom battle over its appropriateness, a pink neon street sign was installed in place of the museum's Plexiglas one. "After all," says Board President Helyn Goldenberg, "we are a contemporary institution...
Fleming contends that top management must set moral standards and enforce them. "It really starts with the chief executive officers," he says. "They have to convince employees that they want ethical behavior." Other experts, however, doubt that employee actions can be controlled from the boardroom. Says Thomas Donaldson, a professor of philosophy at Loyola University in Chicago who has studied business ethics: "What we're seeing, as corporations get larger and larger, is a breakdown in the lines of accountability. We've created some superstructures in business that are wild- ly complex, and we haven't tamed them...