Word: gerstner
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...applied mathematics from Brown University and is one of corporate America's highest-profile executives. For leading once sleepy Motorola into the digital age, Fisher is on the short list for many high-profile ceo jobs that become available. He spurned an offer to head IBM before Louis Gerstner took that turnaround job in 1993. More recently, Fisher was widely viewed as a possible successor to AT&T chairman Robert Allen. Perhaps partly to scotch speculation that he might be leaving, Fisher agreed to lead Kodak until December 2000 and was rewarded with options to buy 2 million shares...
...George Bush before him, will begin in 1999 with fourth-grade reading and eighth-grade math. The tests are supposed to serve only as a benchmark to assess educational progress, but they could one day lead to nationwide graduation standards. Now Wisconsin Governor Tommy Thompson and IBM chairman Louis Gerstner Jr., co-chairs of last year's Education Summit, are adding to the pressure, enlisting companies to pledge that they will look at young applicants' academic records, including exit-test scores, rather than rely only on interviews and job-skill tests...
...John Chambers, 46, attracts more groupies at trade shows than the Spice Girls on a London street. Says fund manager James Cramer: "Other than Andy Grove, the guys who manage Microsoft and maybe Lou Gerstner, there's no better management than Chambers and Cisco. In any industry." Cisco recently unveiled its latest eye-popping numbers--52% sales growth with gross margins reaching 65%. And the company pulled this off during a wrenching product transition...
...Gerstner insists that the hardware-software balance he has struck so far is the right one. "When I got here, this industry was still believing the propaganda that was coming from some of the Pied Pipers--that the PC was the solution and that everybody would be able to run all of their computing needs on their wristwatch. I've been on the other side. It is far more complex...
...that complexity, of course, that will ultimately decide IBM's fate. The firm has always pitched itself as an antidote to confusion. If it stumbled in the late 1980s, it was because the company had become more complex than the industry itself. Gerstner is preaching the message of simplicity and solutions. If IBM turns in a couple more big quarters like the last one, even Wall Street will start to believe...