Word: ceos
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Dates: during 1990-1999
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...lost $800 million in market value, tumbling 33%, to $23.25, after warning investors that dumping excess inventory would hurt near-term profits. Gibson Greetings' stock is limping along below $9, down from above $29 last year. (Industry leader Hallmark, with $3.9 billion in sales, is private.) Says American Greetings CEO Morry Weiss: "When you disappoint people, confidence will take a while to come back...
...high-priced product. But the move--remember Marlboro Friday, when market leader Philip Morris cut the price of smokes?--will fall heavily on its struggling rivals, who can least afford it. "When the leading brand advertises so strongly on price, it's very disturbing," grumbles Frank O'Connell, CEO of Gibson. "They're going to pull pricing down for other companies by trying to compete on price rather than value...
...CEO of the Internet Entertainment Group, a smutty company infamous for revealing Pamela Anderson and Tommy Lee's most intimate moments and, last month, rocker Keith Richards in the saggy buff, Seattle's Seth Warshavsky, 26, has made millions from his cybermall of adult websites. His members-only Clublove site boasts 115,000 subscribers, who pony up $24.95 a month for a variety of salacious fare. But he has also found gold in a bizarre array of pay-per-view Web events. Care to watch brain surgery live online? Or a sex-change operation? Warshavsky's live-just-about-anything...
Guest speaker at the awards ceremony was JohnH. Chuang '87, founder and CEO of MacTemps, anorganization that helps independent professionalsto be successful by placing them in various jobs...
...Scarborough session this June, Laura Liswood, president and CEO of the American Society for Training and Development, will be the guest moderator...