Word: golub
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That change of fortune reflects the revolution that Chenault and CEO Harvey Golub have quietly wrought at American Express (1996 revenues: $16.2 billion). Golub, 58, took command in 1993 after directors dumped James Robinson III for turning the company into an unwieldy financial supermarket. Golub promptly lopped off the brokerage, investment-banking and life-insurance units that Robinson had assembled, leaving American Express focused on credit cards, travel and financial services, including mutual funds. Golub, a sometimes abrasive native of Brooklyn, N.Y., initially slashed $2 billion out of a $13.4 billion cost structure, and has kept expenses in line with...
Wall Street has loved his less-is-more philosophy. Shares of American Express have more than quadrupled in value since Golub began running the company. (The stock closed last week at $88.68 a share, not far from its recent all-time high of $91.50.) Analysts expect the company to produce its third straight year of record profits...
...drawing a connection, but I do know that I did speak out at a couple of faculty meetings," Golub said. "I defended a teacher in a sexual harassment hearing. There's some reason to believe he was someone they wanted...
...Diehl said of Golub's case: "His contract was up and it wasn't renewed. That happens at every college...
...Golub said that he was in Boston last weekend and "many people were talking about...