Word: compaq
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Dates: during 1990-1999
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...American CEOs earned a combined $322 million in income last year. Even departing CEOs managed to walk away with huge sums. Hamish Maxwell, who retired as head of Philip Morris, was awarded a generous retirement gift of $24 million, mainly in stock grants and options. Earlier this year, former Compaq Computer CEO Joseph ("Rod") Canion, who was ousted by his board last year, was awarded $3.6 million. And N.J. Nicholas, the co-CEO at Time Warner who, in February, was also bumped by his board, is expected to land softly with a salary, deferred pay, bonuses and stock estimated...
...long ago, Compaq Computer president Rod Canion was being called a genius. Now he isn't even called president. Last week, one day after Compaq announced the first quarterly loss in its corporate history and the layoff of 1,440 employees, Canion was dismissed by Compaq's board of directors...
Launched in 1982, Houston-based Compaq immediately made its mark with portable personal computers. Compaq reached $1 billion in annual sales in just five years, then a worldwide record. Today Compaq trails only IBM and Apple among PC makers. But that market is going through a major slump, which has forced Compaq to slash its once premium prices. At the same time, Compaq has had trouble expanding into the market for more powerful machines. Canion was replaced by Eckhard Pfeiffer, Compaq's executive vice president...
...compared with $43 in Manhattan), is among the lowest in the U.S., and the median $69,000 price for a single-family home is about 30% below the U.S. average. At the same time, aggressive promotion has helped Houston keep its newcomers close to home. When fast-growing Compaq Computer hinted that it might pick another locale for a 4,000-worker plant expansion, community leaders assembled a $7.7 million package of tax abatements, bus service and access roads that won Compaq over...