Word: buyouts
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...wasn't alone. In the past three years, nine top Chrysler executives have deserted. They included Greenwald, who left in 1990 to lead an aborted worker buyout of United Air Lines' parent company (after pocketing $9 million for his work on that deal, he landed as a managing director for investment banker Dillon Read); and Robert S. ("Steve") Miller, another vice chairman and prospective Iacocca heir, who quit in February to go to Wall Street after telling the board that the right management team for Chrysler would be Lutz as top man and Miller himself...
...more comfortable in front of a terminal than a camera. An alumna of Harvard, the Miami Herald and the Atlanta Constitution, she has left the Wall Street Journal -- where she won a Pulitzer Prize last year for a Journal story tracing the human cost of the $5.65 billion leveraged buyout of Safeway -- in order to handle the flood of speaking requests her book has generated...
...management-led leveraged buyout in 1987 by Borg-Warner has put tremendous pressure on Burns' middle managers to produce revenue. Former employees say president Rodger Comstock's intimidating management style and the firm's alleged habit of breaking bonus promises have contributed to an exodus of managers, forcing Burns to recruit and train new ones, sometimes at the expense of clients' needs...
...year-old New York City retailer found itself deep in debt, mired in an industry-wide slump and unable to pay its bills. The day of reckoning arrived last week when Macy's was forced to file for bankruptcy after one of its major creditors rejected a proposed buyout by CBS chairman Lawrence Tisch...
...hungry start-ups like MTV. Amex may be preparing to recapitalize or sell off its ventures in magazine publishing, which it entered in 1968. The company has discussed selling part or all of its publications, which include New York Woman and L.A. Style, to an investment group controlled by buyout artist Henry Kravis...