Word: formerly
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Dates: during 1990-1999
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Norman Pearlstine is the editor-in-chief of Time Inc. and former managing editor of the Wall Street Journal
...United Air Lines after the war when a chance conversation with Bradley changed his course. Informed of Watson's job plans, the general said, "Really? I always thought you'd go back and run the IBM company." A stunned Watson asked Bradley if he really thought his former aide up to the job. The general replied, "Of course...
...power tool who can shred humanity like an old memo to "create value." GE's Jack Welch, soon after becoming CEO, earned the label "Neutron Jack" for closing plants and laying off workers. He's a prince compared to "Chainsaw" Al Dunlap. A West Point graduate and former paratrooper, Dunlap struck like Sherman and crowed about it. At Lily Tulip he fired 50% of the corporate office; at Crown-Zellerbach, 20% of the work force; at Scott Paper, 11,000 employees. After firing 6,000 at Sunbeam, Chainsaw himself got axed by a pair of fire-breathing shareholders: Ronald Perelman...
...frenzied stock exchanges drove the price of diversified firms higher than that of the separated parts--the opposite of what happens today. "Investors came to overvalue growth by acquisition," says Walter Wriston, former chairman of Citibank. "That was because of this idea that a good manager could make two plus two equal five...
Austrian immigrant Bluhdorn took a run-down Michigan auto-parts distributor and built it into Gulf & Western Industries, a $2 billion marvel whose activities ranged from mining (New Jersey Zinc) to movies (Paramount Studios). By 1969, the former $15-a-week clerk was worth $50 million...