Word: motorola
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Dates: during 1990-1999
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When George Fisher took over Motorola nearly six years ago, the Schaumburg, Illinois-based electronics company had been chased out of the TV business, lost its lead in stereos and surrendered its No. 1 position in computer chips. It was even close to raising the white flag in cellular telephones. Fisher could have taken the well-worn corporate-turnaround path by slashing costs, closing divisions and laying off employees -- all to boost the bottom line, and ultimately Motorola's stock price. Instead he engineered one of the most remarkable transformations in U.S. corporate history, turning Motorola into a worldwide leader...
...done simply by cutting costs. "George Fisher is not just coming in to chop heads," says Michael Geran, an analyst at Pershing & Co. "He's a builder, not a destroyer. He's coming in to reinvent and re-energize the company." That's a challenge his successor at Motorola can gratefully skip...
With customers switching rapidly from films and photographs to electronic imaging, Fisher is expected to focus Kodak on digital forms of pictures that can be stored and transmitted by computer. The chance to rebuild Kodak the same way he revamped Motorola thrills Fisher. "To do that twice in my life, that's a big opportunity." But, he adds, "the first order of work will be to % make sure our financial house is in order." As to his financial house, Fisher, who earned $5 million at Motorola last year, could pocket up to $100 million in salary, bonuses and stock options...
...PowerPC refers to a family of microprocessors--the "brain" of personal computers and workstations--made in a joint effort by IBM, Apple and Motorola. It implements the so-called POWER architecture--how the microprocessor itself works as well as how it interfaces with the other components of a computer--originally developed by IBM and used in its successful RS/6000 series...
...Utah transplants from Toronto, telecommute from a mountain house and, for about 100 days a year, from the cabin of their 36-ft. Catalina sailboat, the Miss Behaving III, on the Great Salt Lake. A consultant with a contract to distribute high-end data communications systems for Motorola's Codex Corp., Janus says that "the boat's especially nice during the heavy winter snows. Or if there's a great sunset on a Sunday evening, I can just stay on board until Monday morning." It is also as useful as the golf course for hustling business. He says, "Our best...