Word: chairman
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Dates: during 1990-1999
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Take the making of metal buildings and building products: it is a most unglamorous, cyclical and slow-growth business. Yet it yields Houston-based NCI Building Systems more than a dime of operating income on each dollar of sales, according to chairman C.A. Rundell Jr. That is nearly double the industry average. Besides, NCI has grown from a small regional operator to one with 38 plants in 17 states and another in Mexico, and sales of $675 million for fiscal 1998, which ended Oct. 31 (vs. less than $40 million nine years earlier...
Joseph Battipaglia, chairman of investment policy at Gruntal & Co., a major brokerage company, predicts an actual decline in the rate of the 30-year Treasury bond to around 5.75% by year's end and possibly to 5.5% sometime in 2000. Barton Biggs, chairman of Morgan Stanley Dean Witter Investment Management, is generally the most pessimistic of the board members, but on this subject he goes Battipaglia one better. His prediction: "A year from now [the 30-year Treasury rate] will be in the area...
...Kosovo in 11 days, allied officials say it could take much longer. Some are worried that bands of departing Serbs will desert their military units and haul off after the returning Albanians. "It is not safe yet [for them] to go back in," said Joint Chiefs Chairman Hugh Shelton. It is still unclear how the refugees will react to the cease-fire. Many will have to be persuaded to go home. Says Sanha Rusihti, an ethnic Albanian living in a camp in Macedonia: "I'm scared of going in, even if NATO soldiers escort me by the hand." But others...
...ceremony last Thursday on purpose--a reminder, he says, that his graduates should be as celebrated as those folks across the Charles River. And there was an added juxtaposition this year: at Pine Street the keynote speaker was former Labor Secretary Robert Reich; Harvard welcomed Federal Reserve Board Chairman Alan Greenspan to speak to alums and graduates. The two men have very different views of the economy. In his memoir, Reich imagined that a frank exchange would involve his assailing Greenspan as a "robber-baron pimp" and the central banker's calling him a "Bolshevik dwarf...
...promotional tie-ins are half a dozen companies, ranging from Virgin Atlantic airlines to Heineken beer. Next spring there will be a prime-time HBO cartoon series. "We want this to be around for the next 10 to 20 years, ad infinitum," says Bob Friedman, the marketing co-chairman of New Line Cinema (which is owned by TIME's corporate parent, Time Warner). As James Bond might say, that's a pretty Moneypenny...