Word: heir
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...companies have an heir apparent as obvious as Paul Otellini. For nearly two years, the chief operating officer of Intel has been sharing the presidency of the company with CEO Craig Barrett, who has been grooming Otellini to take over when he reaches the company's mandatory-retirement age of 65 in 2005. The modest Otellini, 53, eager to avoid any appearance of a coronation, will say only that the top job is "something I'd like to do" and that Intel has a "very orderly transition process...
...tensions exist atop Renault between chairman and chief executive Louis Schweitzer and his heir Carlos Ghosn, they're well veiled. Ghosn is CEO of Nissan Motor, the Japanese automaker that Renault controls through a 44.4% ownership stake. He's slated to move from Tokyo to Paris in 2005 and become CEO of Renault while Schweitzer remains chairman, a situation that Ghosn says could be seen as "potentially antagonistic." But he and Schweitzer have worked together for five years and developed a relationship of "mutual trust," Ghosn says, adding that after a decision is made public "you never know who defended...
Victor Li is the presumed heir to the business empire of his father, billionaire Li Ka-shing, but he hasn't lost his taste for construction sites. The Stanford-trained engineer occasionally slips away from his deputy chairman's office at Cheung Kong Holdings to schmooze with fellow engineers at half-built apartment blocks. He brings that hands-on spirit to Cheung Kong and sister company Hutchison Whampoa. In addition to property, Hong Kong's biggest conglomerate controls third-generation mobile-phone networks in Europe as well as the world's largest port operation. In Hong Kong...
Just after Fiat chief Gianni Agnelli died last January, the world got a rare glimpse of the company's heir apparent. John Elkann--the grandson Agnelli had handpicked six years earlier as his eventual successor--cut a striking figure at the wake in Turin, reminding many of the young Agnelli's poise and elegance. For now, Gianni's brother Umberto Agnelli, 69, controls Fiat Corp. But Elkann, 27, has become the man to watch...
When Howard Dean said recently that he wanted to be the candidate “for guys with Confederate flags in their pickup trucks,” Democrats were quick to cover for their heir apparent. Of course he wasn’t endorsing racism, they said—he was just pointing out that there are millions of white Southern Republicans voting against their economic interests. I say they are missing the point. Dean is building the meaner, angrier Democratic Party we’ve all been longing...