Word: cfo
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Dates: during 2000-2009
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Hermann also built her own team, including a new CFO and a specialist in accessories. YSL stores had almost none of those high-margin items in 1999 but are now filled with shoes, bags and jewelry. Accessories bring in about half of the company's revenue. In addition, there are less expensive clothes, which Hermann insists are not a second line, layered into the stores. The friendlier-priced "capsule" collection includes basic pieces like jersey evening dresses and safari jackets that won't crease in the latest...
Grinstein's successor as CEO (the front runners are Delta's COO James Whitehurst and CFO Edward Bastian) faces a massive reorganization plan. He will also have to overcome the reputation of airline management as inept--a rap that makes Grinstein bristle. Airlines, he says, are uniquely vulnerable and volatile--even "the latest darling of the industry, JetBlue." "Are we worse run than automobiles? Than the steel companies?" asks Grinstein. "Bob Crandall [former American Airlines CEO] used to say the difficulty in this industry is that you're at the mercy of your dumbest competitor." Airline executives, he says...
That cultural sensitivity is a crucial competitive advantage. The fastest-growing markets are in Eastern Europe, Latin America and Asia, and the fragrance giants hope their staff's noses and palates are global enough to understand their new customers. At Givaudan the CEO is French, the CFO Swiss, the head of fragrance Indian, and the flavor director Mexican. IFF has an American CEO and a Frenchman and Argentine in charge of fragrances and flavors, respectively...
...latter grant was finalized in December 2001 but backdated to October, when the stock was 13% cheaper. "The report seeks to downplay Jobs' involvement and the extent to which he understood the accounting implications of improper dating," says Bebchuk. The report implicated "two former officers," understood to be CFO Fred Anderson and former general counsel and board secretary Nancy Heinen, who resigned last year. They have denied any wrongdoing...
...recent years taken the reins at some of the world's biggest companies. Arun Sarin, a native of Madhya Pradesh in central India, is CEO of Britain's Vodafone. Three months ago, Indra Nooyi was named CEO of PepsiCo after serving five years as the U.S. beverage giant's CFO. Indians have credibility as managers, says Hemant Luthra, head of the Systems & Automotive Technologies division at Indian car-and-tractor manufacturer Mahindra & Mahindra. This was not always so. Luthra remembers visiting Hong Kong in 1991 when India's government was close to bankruptcy. "I had $100 in my pocket...