Word: ceos
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Dates: during 1990-1999
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Most of the credit for AT&T's resurgence goes to the company's risk-taking CEO, Bob Allen. Lanky and quietly determined, Allen has spent his entire 36- year career within the Bell System and AT&T. He learned to take chances from his father Walter, who quit his job of 21 years with the J.J. Newberry chain of five-and-dimes to purchase a bankrupt children's clothing store in New Castle, Indiana. "Talk about courage," recalls Allen, still in admiration...
Allen took charge of AT&T after the sudden death of CEO James Olson in 1988. Olson had guided the company through the painful period following the breakup of Ma Bell, when it chopped its labor force 19%, or 70,000 workers. It was Allen, though, who changed the company's lockstep culture. Going against tradition, he recruited top executives from outside, including Alex Mandl, former president of the Sea-Land ocean-shipping concern, as chief financial officer; Jerre Stead, former chief executive of electrical-equipment maker Square D, as head of the computer division; and Richard Bodman...
When Apple Computer co-founder Steven Jobs burned out 10 years ago, the Silicon Valley company brought in marketing maven John Sculley. Now it is Sculley who has apparently flamed out. He has stepped down as CEO, but will stay on as chairman to focus on new business opportunities. His decision came a week after Apple warned Wall Street that a price war had seriously peeled its profits. Sculley had grown aloof, spending considerable time in Washington...
CHAIRMAN, CEO: Reginald K. Brack...
...calculation," admitted state senator Art Torres, a Woo ally. "Dick Riordan has heart." Los Angeles has to hope it's a big one. The fractured city, whose citizens still grimace at the recollection of that videotaped beating and those raging fires, needs a healer as well as a CEO...