Word: gillettee
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Not since the French Revolution have so many executive heads rolled--courtesy of falling profits and stock prices and impatient boards--leaving vacancies strewn all over the FORTUNE 500. Maytag, 3M, Lucent and Gillette are among the headless, and any one of them could rain instant millions on Nardelli or...
The strong dollar? It diminishes the value of foreign earnings and makes U.S. goods less attractive abroad, hurting multinational companies like Gillette and Goodyear. But it's also luring tons of foreign investment to the U.S., putting a floor under stock and bond prices.
Untimely death is often the only occasion for the public to catch a glimpse of the foster-care system. But there are living hells, and at times you can smell the brimstone a long way off. At others the evils come in disguise. In Gillette, Wyo., Homer and Beth Griswold...
Sound grim? Maybe, but in corporate boardrooms nowadays, patience is on back order. Firing your CEO used to be the last resort, but more and more it seems like the first. McGinn's departure made him just another casualty in the ranks of ceos ousted in the past year--including...
But today's directors think they should be. For years boards allowed underperforming ceos to bumble onward; after all, many board members are CEOs too. But increasing pressure has forced them to oil the trapdoor. Boards, just like stockholders, don't want to be surprised. ceos such as McGinn and...