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...July to take stock. One invited speaker, Richard Koppes, a former CalPERS general counsel, delivered a blunt message. "Your friends think you're unfocused and too political," Koppes said. "They say you're beginning to damage the corporate-governance movement." CalPERS president Sean Harrigan, a grocery workers' union boss and an architect of the institutional investor's bare-knuckle strategy, got a more pointed message two weeks ago from the state personnel board he represented at CalPERS: it replaced him with Republican real estate developer Ronald Alvarado...

Author: /time Magazine | Title: Corporate Reformer Under Fire | 12/17/2004 | See Source »

...Most CEOS say, 'Follow me,'" says Suh Doo Chil. "I say, 'Let's go.'" As boss of South Korean telecom- equipment supplier Eastel Systems, Suh is confronting his country's rigid corporate culture. When he took over as CEO three years ago, the company had posted a $57 million loss, debt was out of control, and engineers were heading for the exits. Suh started paring debt and halved the work force, a gutsy move in layoff-averse Korea. The hard-driving Suh, who counts Jack Welch and Margaret Thatcher among his heroes, dismantled Eastel Systems' hierarchy, which stopped anybody from...

Author: /time Magazine | Title: Suh Doo Chil: EASTEL SYSTEMS | 12/17/2004 | See Source »

...improprieties have continued to surface, posing new p.r. nightmares-- including Citi's private-banking operation being banned from Japan just a few months ago for failing to guard against money laundering, among other things. To atone, Prince bowed deeply during a press conference in Tokyo. Then Citi's new boss came home and laid down the law during a recent conference call. "This will not continue while I'm in charge," he insisted, referring to the string of ethical breaches...

Author: /time Magazine | Title: Chuck Prince: CITIGROUP | 12/17/2004 | See Source »

...advisers had reckoned they could handle the issue of Kerik's reputation for occasional lapses of judgment in personal matters. Or that the smell of some conflict-of-interest issues still clung to him. "Everything seemed pretty normal, at least by Washington or New York standards," his mentor and boss, former New York City mayor Rudolph Giuliani, told TIME. "It is never pleasant. You deal with it." But they hadn't counted on the nanny. Kerik's disclosure, a week after President George W. Bush had announced his selection, that a nanny he had once employed may have been...

Author: /time Magazine | Title: Inside Kerik's Fall | 12/17/2004 | See Source »

...face in late-night TV speaks with a Scottish brogue. CRAIG FERGUSON, best known to American audiences as The Drew Carey Show's insufferable boss Mr. Wick, takes the reins of CBS's Late Late Show in January, which another Craig--Kilborn in this case--dropped over the summer. (Easier to remember the name of the guy behind the desk, that way.) Ferguson won a bake-off with three other funny guys, much to his surprise. "I thought, There's no way they're going to let a Scottish guy do this show," he says. (Has he never seen Shrek...

Author: /time Magazine | Title: For the Awake | 12/17/2004 | See Source »

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