Word: boardrooms
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...more than three years, American businessmen have watched the ploys and counterploys of one of the most fiercely contested corporate takeover struggles in history. The boardroom battle pitted a sometime Texas rancher against an aging, ambitious corporate raider who was embarked on probably his last big fight. At stake was control of Kennecott Corp., the nation's largest copper company (1979 sales: $2.5 billion...
Right from the start, however, there was trouble in the Kennecott boardroom. Berner objected that Barrow was "vastly overpaid" and forced the board to renegotiate the contract, which he said could have paid the chairman $27 million over five years. Berner also took exception to other perks, like a $5 million corporate jet for Barrow's personal use. Says a Curtiss-Wright insider of those board meetings: "Ted was the skunk at the picnic...
Ryder controlled the firm that bears his name until 1974, when a series of business setbacks led to a boardroom coup. In that recession year, Ryder System lost a record $20 million, and some analysts blamed James Ryder's overeager expansion of the firm. At the company's Miami headquarters there was also grousing about Ryder's turbulent working and personal habits. Finally, in 1975, the board of directors brought in Leslie O. Barnes, then president of Allegheny Airlines, to be Ryder System's chief executive. James Ryder was given the title of chairman...
...woman who reached a position like Cunningham's--after all, only one of 11 vice presidents in the nation's 88th largest corporation--is viewed as an oddity whose personal behavior needs to be scrutinized to explain her unusual success. Only when the number of women in the boardroom roughly equals that of men will Mary Cunningham's accomplishments--and not her blonde hair--be the focal point of debate...
...Leslie Greis will not spend next year in an air-conditioned office piling up practical experience on the path to business school. Instead, she will traipse the Florida fairways, forsaking the boardroom for the putting green, at least for the time being...