Word: ceos
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Dates: during 1990-1999
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...after receiving a proxy statement from a large Silicon Valley corporation called Cypress Semiconductor, she sent back a courteous, three-paragraph form letter explaining her order's belief that corporations should include qualified women and minorities on their boards. In return, she received a six-page lecture from Cypress CEO T.J. Rodgers, who said, among other things, that views such as hers were "immoral." So much for my assumption that every little American boy is raised to be particularly polite to nuns...
...CEO Jeffrey Erickson told TIME last week that he does not see a need for dramatic change: "I think our standards are the best in the world. There's been no indication that there's a security problem." TWA has its own wholly owned security service that handles all its international locations, including Athens...
...Government, the airlines and the passengers may all have to agree that the extra costs just have to be borne. "The fundamental problem is, we have reduced aviation security to a commercial question," says Morris D. Busby, formerly the State Department's top official on counterterrorism. "For the airline CEO, security becomes something that must be done as cheaply and effectively as possible...
Until last week's disaster, TWA could point proudly--as CEO Jeffery Erickson did publicly--to an admirable safety record. Its financial history, on the other hand, has been absolutely dismal. TWA has flown in and out of bankruptcy twice this decade, losing more than $2 billion in the process. It has managed to survive largely on the willingness of its workers, who own 30% of the company, to grant whopping concessions to keep it from following fellow pioneers Pan Am and Eastern into aviation history...
Time Warner CEO Levin, meanwhile, having pulled off his dream deal, now has a firmer grip on his job, which had been considered tenuous while the merger was pending. Levin's reign has been marked by corporate turmoil, chaos in the Warner Music division and slower than promised reduction of Time Warner's $15 billion debt. The acquisition increases that figure to $17.2 billion, but increased cash flow will ease the debt service. Now Levin has to prove that his strategic vision can generate returns for the shareholders, who, since he took over in January 1993, have watched Time Warner...