Word: claremont
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Dates: during 1980-1989
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Summoned before the board, O'Donnell told the members that he had been approached by representatives of the Claremont Group, a New York City-based investment-banking firm, to discuss a leveraged buy-out. O'Donnell presumably was inclined to consider such a transaction, since it would probably have given him and his fellow managers a more significant ownership stake in the company. Johnston and some board members, however, thought they should have been consulted before any powwows took place with investment bankers...
...point, Yunich reports, O'Donnell volunteered that he had been "kicked out of" Columbia Business School and thus had a weak grasp of finance. Says Yunich: "We couldn't figure out whether this person had flipped his lid or not." O'Donnell says he was merely passing on Claremont's unsolicited buy-out proposal and had thus done nothing wrong...
Unfortunately some pit bulls have been unleashing that aggression on humans. As 18-month-old Claremont Brown lay by his mother's feet in the backyard of a family friend's home two weeks ago in Westminster, Calif., he was set upon by a pit bull. Dragging the child 20 feet before his mother could intervene, the dog mauled the baby's face so badly that it may require years of plastic surgery to repair the damage. Earlier this summer, in Ramsay, Mich., a pit bull broke out of its owner's yard and wandered into a neighbor's. There...
Such a place already exists, according to Peter F. Drucker, 76, prolific author, consultant and master thinker on management problems. Writing in the forthcoming issue of the quarterly Foreign Affairs, Drucker, currently a professor of social science and management at California's Claremont Graduate School, claims that all the conditions he describes are the products of the modern world economy. It is also a world in which classical economic theory and traditional economic policy are fast becoming irrelevant. The U.S. and other countries, he says, will only continue to prosper if they recognize that fact...
...most unsettling to executives confronted by sudden catastrophe. Says Fink: "The savviest chief executive in the world often falls victim to a kind of paralysis when a crisis strikes." Any kind of conditioning may thus be comforting in a crunch. Says Jean Lipman-Blumen, a professor at California's Claremont Graduate School's Executive Management Program: "The worst part of a crisis is being unprepared. By removing the unexpected quality you are removing that which is most unnerving...