Word: ceos
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Dates: during 1990-1999
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...hope this [march] will destroy the popular images of Guess, Nike and Disney [and] show the CEO's that these Harvard students do not tolerate injustice and will be active," she added...
Sanford Weill, chairman of Travelers Group, is known to keep reams of business information in his head--for instance, precisely when he stomped out as president of American Express after clashing with then-CEO James Robinson. "August 1985," he says, correcting a reporter about the time of the event. In a decade of almost nonstop dealmaking since then, Weill has not only clawed his way back but last week was being hailed as the new king of Wall Street after Travelers sealed a $9 billion deal to acquire Salomon Bros., one of the world's largest bond-trading houses. Says...
...fire-sale prices and then trimming costs by paying close attention to detail. He started in 1986 by taking over Commercial Credit, a reject of computer-maker Control Data. It was not the job he wanted--Weill had been given the bum's rush when he offered himself as CEO of BankAmerica--but a spruced-up Commercial Credit gave Weill a springboard. And he sprang: he merged Commercial Credit with struggling Primerica in 1988, getting the Smith Barney brokerage with it. He bought Travelers insurance in two stages when that company was reeling from bad real estate investments...
...swaggering, foul-mouthed and lavishly rewarded traders epitomized the masters-of-the-universe Wall Street culture of the 1980s. That swagger was staggered by a government bond-trading scandal in 1991 from which the firm never really recovered. Needing to broaden its portfolio beyond bonds to stay competitive, Salomon CEO Deryck Maughan approached Weill in August with a proposal. When Weill got the blessing of Warren Buffett, the billionaire investor who controls an 18.5% stake in Salomon that has yielded un-Buffett-like returns, the union...
...consumer company that fusses over its "guests," Walt Disney Co. can treat its shareholders as if they'd been caught littering the Magic Kingdom. Its CEO, Michael Eisner, already a model for runaway executive pay, made investors livid last year by running up a $100 million tab in hiring and firing Michael Ovitz. More recently the stock has lagged the market, dogged by boycotts by religious groups protesting everything from racy movies to personnel policies and, potentially far worse for shareholders, by concerns that the formula for the Mouse's wholesome animated films has grown stale. Never mind that Disney...