Word: ceo
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...accepting the resignation of CEO Fritz Henderson, the board chairman, Ed Whitacre, puts himself squarely in the driver's seat at General Motors...
...leading Ford to the greatest success among the Detroit Three. Now GM board chairman Ed Whitacre, a veteran of the telecommunications business, will try to go the rest of the way. After accepting the resignation of GM veteran Fritz Henderson, Whitacre will be running the company as interim CEO while he searches for a full-time successor...
...Henderson will be remembered as being as smart and experienced as any GM CEO, but he appeared tone-deaf when it came to listening to Whitacre and the rest of his board of directors. Since he had no role in picking them and they owed him nothing, that proved to be a fatal mistake...
Analysts caution that the winners on Black Friday will not necessarily be the champions on Dec. 31. Tom Stemberg, former CEO and founder of Staples, and now managing partner of the Highland Consumer Fund, sees no correlation between Black Friday sales and a retailer's ultimate success or failure over the holiday season. "Black Friday sales are about as meaningful as Groundhog Day is to the weather forecast," says Stemberg. "What happens is every retailer blows his brains out with these door-crasher deals trying to generate traffic...
...touch. Every Halloween, residents of the gated golf community near Orlando, Fla., decorate their golf carts and drive trick-or-treaters door to door. They share lunches and dinners at the country club, play pickup basketball games and hold community events. "It's pretty normal," says Ravé Mehta, CEO of a software-development firm who lives just outside Isleworth's vine-covered walls but has many friends inside...