Word: giant
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Dates: during 1990-1999
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Resurrecting a Giant...
When New York financial wizard Jack R. Meyer took over as head of HMC in the autumn of 1990, his mission was to resurrect a bleeding giant...
...today, with Meyer two months intohis third year at HMC's helm, the giant continuesto bleed. And the critics are wondering whethermore fundamental changes are needed, perhaps inpersonnel or even in the very manner by which HMCdoes business...
...LAST WEEK. BOB Stempel is not responsible for the disaster at GM. That distinction belongs to Roger B. Smith, Stempel's predecessor as chairman, made infamous in the film Roger & Me. As CEO from 1981 to 1990, Smith designed and executed the strategy that has impoverished the industrial giant. Stempel was laboring to undo the damage when GM's board forced him to fall on his sword after little more than two years on the job. By week's end the directors reportedly began moving to give Smith a final shove as well...
...what many of GM's other products so desperately need: prestige. The upstart division's high-quality products have proved so popular that customers have to put their names on waiting lists. If Saturn can translate its popularity into profits, the formula could help save the rest of the giant company...