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...launched a plan to cut annual costs by $4 billion, or 25% of American's pre-9/11 operating costs. But with pay cuts of up to 23% and morale at an all-time low, he also brought in corporate therapist Overland Resource Group, which has helped giants like Ford Motor Co. and its unions rethink old habits. Overland told the unions and management that they should see each other not as warring parties but as businesses that need each other to survive. Overland set up a structure, called Joint Leadership Teams, to make sure the old "silos" (management...
...pulled the U.S. Postal Service into the black; in Nashville, Tenn. Raising the stamp price only once (from 29¢ to 32¢), he cut 23,000 management jobs, hired more letter carriers and raked in $1 billion in profit. Runyon began his career in 1943 at a Ford plant in Dallas, where he climbed to the post of vice president before leaving in 1980 to become Japanese automaker Nissan's first employee in the U.S. As CEO of its American subsidiary, he built Nissan's first auto plant in the country, at a greenfield site in Smyrna, Tenn. In 1988 Runyon...
...Bill Ford Changes Tires...
...prefers to describe last month's management changes as a "fine-tuning" rather than a "shake-up." But whatever term the scion of sedans wants to use, Bill Ford effectively booted the two Brits fighting over who gets to ride shotgun. Nick Scheele, 60, is relinquishing his role as COO and getting kicked upstairs as company president, while David Thursfield, 58, head of international operations and global purchasing, is simply getting kicked to the curb, with his retirement effective May 1. Meanwhile, Jim Padilla, 57, the Detroit native in charge of the company's Americas division, is taking the role...
...since the Dutchman had spent his career at Unilever, a purveyor of low-brow brands such as Lever 2000 soap and Birds Eye peas. Polet has big, fancy shoes to fill at Gucci. Outgoing CEO Domenico De Sole is credited, along with designer Tom Ford, with reviving the empire. But Polet is a brand builder too. In his last post as president of Unilever's $7.8 billion frozen-foods division, he raised profit margins 70% in a little more than three years...