Word: ceo
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...This represents a substantial step forward for Talbots," says company president and CEO Trudy Sullivan. "It stabilizes our liquidity during these most difficult and uncertain times, enabling us to focus on implementing the key strategic initiatives that will drive improved performance of our business." (See who's to blame for the financial crisis...
...company has reported just one profitable quarter over the past two years. The third quarter of 2008 was devastating: Pier 1 lost $36.9 million, or 41 cents per share, on $300.9 million in revenue. That loss far exceeded analysts' expectation of 26 cents per share. Chukumba says Pier 1 CEO Alex Smith has made some smart moves, like stocking shelves with small items, which consumers are more likely to buy on impulse. "Unfortunately, the macro economic environment more than overshadows that," he says...
...production difficulties. "They still don't know who their core customer is," says Brian Moore, an analyst at Wedbush Morgan. "They have to define that. Is it the health-conscious consumer or someone who is looking for a treat? That's why the brand has had difficulty." Responds new CEO James White, an ex-Safeway executive who took over Jamba eight weeks ago: "From a historical perspective, that may be exactly right. But the current management team on the field, with its deep CPG [consumer products goods] experience, knows how to do this work. We've worked on the best...
...book Great Business Teams, consultant Howard M. Guttman discusses five steps to greatness. The first phase involves two critical tasks: getting an organization horizontal and aligning teams properly. In this excerpt, Paul Michaels, CEO of Mars Inc., the world's largest candy company, which is rarely written about, discusses the path to proper alignment...
...Following the group’s initial protests, Harvard sharply reduced payments to its chief investors to less than a quarter of their 2003 levels, and the scrutiny over salaries played a part in prompting an exodus of money managers that included HMC’s long-time CEO Jack R. Meyer...