Word: joseph
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Kozlowski landed at Tyco in 1976, hired by legendary hostile-takeover-artist Joseph Gaziano to fix some floundering acquisitions. At the time, Tyco Laboratories was a small manufacturer of everything from undersea cables to fire sprinklers. (It is unrelated to Mattel's Tyco line of toys.) But when Kozlowski took over in 1992, he re-created Tyco in his spirited image...
...rare. The problem is that too many boards demand someone who has already been a CEO somewhere else, to avoid the criticism that would follow if a rookie CEO didn't work out. So we get a transient band of failed leaders like Michael Armstrong at AT&T and Joseph Nacchio, most recently at Qwest. Whenever possible, companies should promote from within, as at IBM and GE. One immediate improvement would be to index the price at which a CEO can exercise stock options so the options have value only when the stock outperforms a peer group. And as Paulson...
...award turned out to be fabrications. In the past six months, coaches at Notre Dame, Georgia Tech and Vanderbilt were all caught with fiction on their resumes. And these followed a parade of high-profile folks accused of falsifications, including Pat Robertson (claimed he saw combat in Korea), Senator Joseph Biden (inflated his law-school class rank) and historian Joseph Ellis (made up stories about parachuting into Vietnam...
...first place to look would be among Rome's heavyweight Cardinals--conservative stalwarts like Germany's Joseph Ratzinger and savvy bureaucrats like Congregation of Bishops chief Giovanni Battista Re, who now have a chance to advance their own agendas without papal scrutiny. But many insiders say the real power behind the papal throne lies with a humble Polish clergyman they call Don Stanislaw...
Soon the world will find out if Burnett is right. In partnership with the Coen brothers, T Bone (real name: Joseph Henry) releases this week the first products from DMZ Records, a boutique label that plans to ignore every bit of conventional record-industry sales wisdom. DMZ's first two releases, both Burnett productions, are the Louisiana-laden sound track to Divine Secrets of the Ya-Ya Sisterhood and a new album--the 186th--from mountain-soul legend and O Brother featured player Ralph Stanley. There will be no large promotional budgets, no appeals to commercial radio. Burnett is convinced...