Word: foundered
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Dates: during 1990-1999
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With those words, this magazine's co-founder joined Calvin Coolidge ("The chief business of the American people is business"), former General Motors president Charles E. Wilson ("What is good for the country is good for General Motors, and what's good for General Motors is good for the country") and, alas, Wall Street's Gordon Gekko ("Greed...is good. Greed is right. Greed works") in defining and defending the 20th century as the century of business...
...bias toward innovators and company founders and against managers kept several famous names off the list--not only Sloan, whose organizational and management skills helped consolidate several disparate automakers into General Motors, but also a number of chief executives best known for their ability to manage large enterprises and increase shareholder value. It should be remembered that Ford Motor Co. was foundering when Henry Ford died, and it was left to his grandson Henry Ford II to revive the company after World War II with the help of a group of button-down managers, the "Whiz Kids," including Robert McNamara...
...strong positions in media and information. This year's sales are expected to exceed $100 billion, and with market capitalization of $302 billion, the company is in a close race with Microsoft for the title of Most Valuable. GE chairman Jack Welch isn't the innovator that GE's founder Thomas A. Edison was, but this son of a railroad conductor and lifelong GE employee would certainly get my vote for CEO of the century...
...United Technologies, produced the first chlorine-free, non-ozone-depleting residential air-conditioning system. It has since announced the production of two generations of chlorine-free cooling units, well before the Montreal Accords or the still unratified Kyoto Accords have come into play. Much in the fashion of its founder, the company is trying to fix all this without a grand scheme, but simply by doing the next right thing...
...course, long ago converted into a brand name, constantly fussed over, ferociously defended, first by Disney, latterly by his corporate heirs and assigns. Serving as a beacon for parents seeking clean, decent entertainment for their children, the Disney logo--a stylized version of the founder's signature--more generally promises us that anything appearing beneath it will not veer too far from the safe, sound and above all cheerful American mainstream, which it defines as much as serves...