Word: bossed
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Executives at Lucent Technologies, the New Jersey telecom-equipment maker, couldn't help noticing this year that CEO Richard McGinn had morphed from an outgoing, hands-on boss who ate lunch in the cafeteria to a withdrawn figure bunkered in his office. Perhaps retreat was in order. After three otherwise successful years at the helm, McGinn had committed a series of screw-ups. Among them: missing out on optical-equipment investments that Lucent's competitors later cleaned up on and avoiding layoffs in spite of declining sales. Two weeks ago, he delivered really bad news: the current quarter's revenue...
Corner offices don't stay vacant for long; the board organizes a search committee even before the fired CEO departs with a large payout. Lucent is looking for a boss with a technical background and experience in rationalizing businesses. The pay is great, the perks are plentiful, and you get your very own jet. Just don't have the seat pillows monogrammed...
...Drug czar Barry McCaffrey b) Pit boss Bruce Babbitt c) Chili commissar Tom Stuckey d) Divorce lawyer Raoul Felder...
...fact, his boss, Mark J. Saidnawey, said he will likely have to put in one last order for pumpkins this season...
...contender" for Harvard's presidency, as it has in numerous articles on the search ever since it began last spring. In June, for instance, The Crimson claimed that Fineberg and Harvard Business School dean Kim B. Clark '74 "are currently considered the top contenders to succeed their outgoing boss" (News, "Filling Rudenstine's Shoes," June 8), without saying just who is doing the considering...