Word: dunlap
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...according to George H. Dunlap '74, the evening supervisor of Cabot, it is still unclear whether the extended hours will be permanent...
...business; we gave the people what they prized above all else and helped instill in them the boundless cheer and goodwill that come from being fully invested and watching CNBC all day. That goodwill inspired bountiful acts, such as Ted Turner's pledging $1 billion to charity and Al Dunlap's--the Grinch, to some--granting stock options to every last employee at Sunbeam Corp. Of course, we still have work to do. Managers of Oxford Health Plans padded their wallets by selling sleighfuls of stock this year, just before the price collapsed. That seems at odds with the giving...
...company so down that it says it must shed thousands of jobs, and the stock zooms? So ingrained is this convoluted logic that the mere appointment of a CEO known for tough love can send a stock flying. Sunbeam surged 49% on the day cost-cutting Al ("Chainsaw") Dunlap became CEO. Japan should name him Minister of Finance; the rally would dazzle...
Fifteen months after taking over as chief of Sunbeam, "Chainsaw Al" Dunlap has cut half of the company's 12,000 jobs ? and quadrupled the stock price, from a pallid $12 to over $49. Now he's putting it up for sale...
...Scott Paper, Dunlap's last labor, doing these days? Swallowed by Kimberly-Clark. How about former charge Lily-Tulip Inc.? Now a lean, mean division of Fort Howard Paper Co. Once Dunlap's bum-to-plum magic act is done lining shareholder pockets (Dunlap himself owns several million in Sunbeam stock), he takes the last sure price-boosting step: feeding it to a big rival. Then ? poof! ? he's gone...