Word: ceos
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Dates: during 1990-1999
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Amazon.com CEO Jeff Bezos is indisputably the man of the moment around the offices of TIME magazine ? what with him being our Man of the Year and all ? but it's important for us to remind ourselves that not everybody is quite so enamored of him. Take Richard Stallman, for example. Stallman, a top-flight computer programmer and a prominent spokesman for the open source movement, is calling for a boycott of Amazon.com...
...Walgreens are enjoying record profits, the nation's second largest drugstore chain is saddled with billions of dollars in debt and caught in the crosshairs of an SEC investigation into its questionable accounting practices. For months the bad news has been relentless: In mid-October the board forced out CEO Martin Grass and announced that pretax profits for the past three years would be revised downward by $500 million. Then just before Thanksgiving, the chain's longtime auditor, KPMG, bolted after refusing to re-examine its client's books. Says Edward Comeau, an analyst at Donaldson, Lufkin & Jenrette: "This...
...barely two years as CEO, Ivester appears to have done what no mere soft-drink rival could have hoped to accomplish--dimmed the luster of one of the world's brightest brands. It wasn't just Coca-Cola's seven-quarter-long profit slide. When dozens of Belgian schoolchildren fell sick after drinking Coke products last June, Ivester maintained what looked like an arrogant silence for more than a week before traveling to Belgium to apologize. (The incident resulted in a 65 million-can recall.) Nor did he burnish his company's image by failing to promote Carl Ware, senior...
Syrup may prove to be one of Daft's biggest challenges, assuming that he takes office as CEO next April. In what seems to many analysts to be an ever desperate bid to increase revenues, one of Ivester's most recent moves was to hike the price of Coke's concentrate by a steep 7.7%. In effect, that represents a penalty for the company's cost-conscious bottling affiliates. In the past, Coke has offset such cost increases by funneling hundreds of millions of dollars in financial assistance to its key bottlers. But bottlers expressed outrage at last month...
...Robert G. Miller's job to rebuild it. Named Rite Aid chairman and CEO last week, Miller, 55, comes from the No. 2 job at Kroger, the nation's grocery powerhouse. To heal the drugstore giant, he'll have to regain confidence on Main Street and Wall Street: Rite Aid has been the biggest loser in the S&P 500 this year, with an 80% drop in its shares since January...