Word: coke
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Even in a company that venerates carbonated sugar water, Douglas Ivester stood out for his missionary zeal to spread Coca-Cola around the world. An accountant by training, with an eight-day-a-week work ethic, Ivester predicted a decade ago that he would be chairman and CEO of Coke by Nov. 1, 1998. He beat that brash forecast by a year when Roberto Goizueta, his charismatic mentor and predecessor, died suddenly of lung cancer in October...
...shocked when Ivester announced he would retire next April to make way for "fresh leadership," putting an end to a tenure that was as extraordinarily rocky as it was brief. The Georgia native insistently echoed company statements that stepping down at age 52 was his idea. But veteran Coke watchers couldn't help speculating that there must have been a shove from disenchanted members of the company's board of directors. "This was a guy you would have had to carry out in a box," says Tom Pirko, president of Bevmark, a consultant to the industry. "The pressure...
...every pooh-pooh there's a hip, hip hooray. We're not over ourselves or a magazine devoted to the same. Can't stop eating cookies (Entenmann's) and donuts. We're not over Patrick Ewing who deserves his gigantic salary. We'll never, ever be over Cherry Coke or V8 which is similar to ketchup which we also can't get over. Won't ever forget 4224. Not over Nina Yuen, Junior Mints and other small blessings. Still trying to get over what's hip, what's now, what's on the street. Nail biting and teeth grinding...
...Will this, as well as other measures, such as lowering the maximum age for delegates and limiting the time a president can serve, be enough to restore the IOC's reputation? Maybe. The pressure to reform is considerable: Major corporations, such as Coke and IBM, which send the IOC $50 million checks so that they can use the Olympic rings in their ads, are not amused with the committee's image as a bunch of shameless shakedown artists. But Samaranch doesn't inspire much confidence when he still largely blames the mess on the competing cities for putting...
...graduate school of business. Incredibly, there were more than a few outright losers, including Acuson (-46%), Battle Mountain Gold (-83%), Russell Corp. (-51%) and Toys "R" Us (-29%). Many others were gross laggards (Fluor, International Paper, Kellogg, Reynolds Metals, GM). The analysts messed up by taking Pepsi (+260%) over Coke (+599%), Unilever (+165%) over Gillette (+558%). And a couple of stocks (Waste Management and Compaq) blew up just this year...