Word: ceos
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Dates: during 1990-1999
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...with Gianni out of the picture, it falls to elder brother Santo, 53, and sister Donatella, 42, to keep the company's fashions and earnings hot. The family members are thoroughly versed in the business. Santo, an accountant by training, is the savvy CEO of the company, and the pineapple-blond Donatella, as vice president and a designer in her own right, has played an increasingly large role in matters of fashion. "Gianni was the genius, but they can still go ahead," says designer Donatella Girombelli, who gave Versace his first job in Milan...
...indecorous business at hand. In a telephone (naturally) press conference, AT&T outside director Walter Elisha patted company president John Walter on the back for having made "important contributions" to the feckless phone company. Then Elisha stuck the knife in: "The board has decided it will not elect him CEO...therefore, John has decided to leave the company...
...Credit CEO Chris Galvin, the founder's grandson, who re-engineered the company. Motorola still has some vulnerability. The firm counts on tech-heavy businesses that may tank if spending by telecom firms softens. But Galvin has convinced Wall Street that he can keep revenues growing. Motorola stock hit a new high of $86 last week, and investors snapped up $800 million worth of bonds for Iridium, an ambitious Motorola-backed satellite project. Now that's mobile electronics. Grandpa would surely approve...
When the executive recruiter calls and asks you to be CEO of Apple Computer, you should politely but firmly say no. Why? Last week the company forced out its third boss since 1993, and with Apple's current problems, "chief executive" isn't a job description, it's a sentence. Gil Amelio, the self-described "transformation manager" from National Semiconductor, lasted only 17 months. He trimmed Apple's confusing product line, slashed costs and pushed new Powerbook and operating-system projects back on schedule. But he couldn't halt Apple's market share slide, from 8% to 4%. The company...
Danny Goldberg, the current CEO of Mercury Records, who signed Jewel to Atlantic before leaving that label, says there's a major musical shift under way. "I associate it with generations of high school students coming along who want ownership of their own culture, who want something different from the people who came before them," says Goldberg, who in the past managed Bonnie Raitt and Nirvana's Kurt Cobain. "So this group is going for a female-leaning, optimistic music, in contrast to the grunge, gangsta-rap chapter that is waning...