Word: ceos
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Dates: during 1990-1999
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What's the most valuable product you can manufacture? Supercomputers? Stealth bombers? Beanie Babies? David Wetherell, 44, has figured out how to fabricate the dearest items in all the land: stock in Internet companies. As chairman and CEO of CMGI, based in Andover, Mass. Wetherell has melded together the trends and technologies of the Internet into a virtual initial-public-offering factory that analysts expect will churn out perhaps half a dozen highly lucrative offerings in the next 12 months...
...next fall, and there's not a standard half-hour comedy among them. "Most people try to sell you a sitcom with a bunch of 26-year-olds living in a Manhattan high-rise, but Imagine is struggling to find interesting shows that others aren't doing," says UPN CEO Dean Valentine...
Hugh McColl, the CEO of Bank of America, once fired an executive because the guy smoked a pipe at work. "I figured anybody who had enough time to mess with pipes had too slow a metabolism for me," he explains. O.K., he's not exactly a softy. But McColl's ability to acquire and absorb one large bank after another can teach us a thing or two about teamwork: "We are people who believe in disagreeing sharply...But when we leave the room...we are in lockstep... Support the team...
...name Starbucks, referring to the first mate in Melville's leviathan novel, is meant to evoke the romance of the high seas and the seafaring tradition of the early coffee traders. So claims the recent paperback, Pour Your Heart Into It, written by the company's CEO. Starbucks connotes a product that is unique and mystical, yet purely American. Before reaching that purely American solution, however, the store was called Il Giornale, a name which aficionados thought captured the romance of the authentic espresso experience. In the battle between romance of the high seas and romance of the authentic espresso...
...Force may be with him, but some cynics out there think Enrico and Pepsi have lost the cola wars for good. One line of reasoning is that Coke is simply too big to topple. Coke, for instance, has added 8 billion cases of sales in 10 years, according to CEO Douglas Ivester. Others say that Enrico's deliberate strategy is tantamount to declaring defeat. Says Tom Pirko, president of consulting firm Bevmark: "Pepsi has put its tail between its legs and withdrawn...