Word: golub
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Dates: during 1990-1999
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...corporate anorexia and increased hiring after getting their costs down and their market share up, others are acting more like American Express. It is about to start another round of staff cuts, despite having turned a loss into a profit. Why? "Because we're doing so well," chairman Harvey Golub told the Wall Street Journal. "You can either cut costs when there is a clear and present danger, or you can do it when people feel good about the way things are going. But it's much harder when you're in trouble: the world is looking...
March 3, 1989 -- Kelly Ann Tinyes, 13, is bludgeoned to death and mutilated by her neighbor bodybuilder Robert Golub in his parents' home in Valley Stream...
...American Express moved to sack him after a long string of blunders and miscues. Robinson initially agreed to step down when a successor was found. Then, after a divisive battle, Robinson faced down the board and early last week held to the chairmanship, picking his chosen successor, Harvey Golub, as chief executive. Three dissident directors resigned. Robinson's triumph lasted just four days, during which Amex stock dropped 13%. Investor groups began to call in. On Friday, yielding to pressure from all sides, Robinson gave up. "We made what we thought was the best decision, the right decision. However...
...THESE DAYS, which James D. Robinson III, chairman for 15 years of American Express, discovered. The week began well enough when he faced down a timid board of directors. Some board members had sought to oust him, but he forced them to back down and got his protege, Harvey Golub, named chief executive officer. It seemed he had won the war over his succession, prompted by corporate missteps such as the acquisition of E.F. Hutton and faltering earnings. Wall Street, however, was not buying Robinson's triumph: in 10 minutes following the announcement, American Express shares lost $700 million...
...some financial-services audits because problems usually remain uncovered until several years after the audit. Where 15 firms offered audit insurance about five years ago, only three or four still do, including Crum & Forster. In response, accounting firms are abandoning the riskiest clients, most notably financial-services companies. Goldstein Golub Kessler, a midsize New York City firm with more than 1,500 clients, says it will no longer perform audit work for banks, credit unions or insurance concerns. KPMG Peat Marwick, the fourth largest accounting firm, is also turning away high-risk cases, says Michael Conway, the partner in charge...