Word: ge
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Dates: during 2000-2009
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...would have been natural for Jeffrey Immelt to reflexively embrace the strategies of his predecessor, storied über-CEO Jack Welch, who built GE into one of the world's most profitable companies. But Immelt, 48, quickly went his own way, imposing new long-term strategies. When scandal erupted over Welch's perk-laden send-off, Immelt responded by taking a lead role in corporate reform. For starters, he put more independent directors on the board and got rid of stock options as part of his pay. "We know we are studied," he says. "We feel we have a responsibility...
When Ester Blandford was born, 18 months ago, the Swedish state did all it could to ease her way into the world - and encourage her parents to have even more kids. Her mother, Therese, 29, a children's librarian in the small southern town of Nyhamnsläge, took 15 months off work, most of it at 80% pay, to care for the baby, her first child. She now works part-time. Ester's dad, Christian, also 29, a physical therapist, stays home one day a week to help out. He too gets 80% pay from the state...
...JACK WELCH Former CEO of GE Get out your veto pen-you must reverse the trajectory of the budget deficit. You hate tax increases, and they should be your last resort anyway, given the fragile global recovery. But you will be forced into that option if you don't immediately start redlining spending requests...
Nardelli's moves to introduce elements of GE's numbers-oriented processes, along with a new slate of top executives, ruffled feathers in Atlanta's clubby business community. "No question about it," says ex-CEO Blank, who is still active with Home Depot's charitable work in Atlanta. "There was a shift in orientation and culture. Some felt comfortable with that, some didn't." Blank says Nardelli's appointment was the first real management change in a company that was still essentially run like a family business. Taylor says Nardelli's appointment was "as if my mother had come home...
Homemaker in Chief Bob Nardelli lost out on GE's top job, but he's winning raves at Home Depot...