Word: ceo
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Frugality is in fashion. The alligator belts are tightening ... Who knew a wallet could hibernate?' ?Burt Tansky, president and CEO of Neiman Marcus...
Long after we’ve all forgotten what he actually did or did not do for General Motors, America will remember CEO Rick Wagoner for his injudicious use of executive privilege. Wagoner and his colleagues at Ford and Chrysler gained notoriety for flying in three separate private jets to Washington, in order to ask Congress for a multi-billion dollar bailout. Four months later, Wagoner has resigned as a condition of this bailout and been replaced by Fritz Henderson, GM’s current president and chief operating officer...
...Wagoner’s resignation is perhaps not entirely deserved, since he is certainly not the only CEO who has made bad decisions and been forced to beg the government for money. But his case is a healthy reminder that even executive positions are tied to performance. Companies—and, in the case of firms that the government has bailed out, taxpayers—reserve the right to hire and fire even top-level management as they...
...can’t fairly blame all of GM’s decades-long troubles on a man who has been CEO for only nine years. High cost union contracts and close competition from rivals like Toyota made Wagoner’s job a difficult one. And, to his credit, he closed unnecessary plants, laid off workers, and renegotiated union contracts in an attempt to streamline the company. But he did little to pull his company out of its unsustainable reliance on sales of sport utility vehicles and trucks, which plummeted when gas prices rose to $4 per gallon last...
...timing could not be more ideal. Days after President Obama fired the CEO of General Motors, and instructed GM and Chrysler to fix up fast or drive headlong into bankruptcy, college basketball's annual bonanza, the Final Four, has arrived in the Motor City to provide a much-needed distraction. What's even sweeter: Michigan State University, located just 90 miles west of Detroit in East Lansing, made the national semifinals this year, giving the locals more reason to cheer (unless, of course, they bleed the University of Michigan's maize and blue and wouldn't dare root...