Word: nasser
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...embraced Al Jihad, a violent and highly secretive organization dedicated to establishing Islamic rule in Egypt and across the Arab world. Adopting a strict and belligerent brand of Islam, al-Zawahiri steeped himself in the absolutist beliefs of Sayyid Qutb, who was executed in 1966 for plotting against Nasser's government. Qutb's book Signposts Along the Road, a formative influence on the current generation of Islamic militants, calls for the aggressive pursuit of a holy war against the West, which he saw as home to a return of jahiliyya, the pagan barbarism that existed in the Arab world before...
William Clay (Bill) Ford Jr. agonized over whether to fire Jacques Nasser. But when he decided two weeks ago that the CEO of the family-controlled Ford Motor Co. had to go, he moved fast. Ford called Carl Reichardt, a longtime director and former head of Wells Fargo Bank, and asked him if he would be vice chairman. To his surprise, the 70-year-old Reichardt, whose financial acumen Ford sorely needs, called back two days later and agreed. So last Monday, Ford ushered Nasser into his wood-paneled corner office and took away the keys. "We were just getting...
...beset by a garageful of problems. Its dividend has been halved. Its vehicles have been dogged by quality issues, such as the cooling-fan glitch that has once again postponed delivery of the long-awaited Thunderbird. The company's relations with its unions, dealers and suppliers turned poisonous during Nasser's tenure. And many white-collar managers were angered by the Australian-born CEO's crusade for diversity among their ranks. Ford has also blown through an estimated $15 billion in cash since...
...Egyptian, is accused of providing journalist credentials to suicide bombers who assassinated Massoud. NAMED. WILLIAM CLAY FORD JR., 44, as CEO of Ford Motor Co.; in Dearborn, Michigan. Ford, chairman since 1999, is the first Ford family member to run the company in 22 years. He replaces Jacques Nasser. RESIGNED. JAMES GOODWIN, 57, as CEO of United Airlines; in Chicago. Goodwin's tenure was marred by a failed merger with U.S. Airways and labor troubles. Investors lost confidence when he suggested United might "perish" in the wake of Sept. 11. Goodwin has been replaced by John W. Creighton, former...
...fairness, Nasser's instincts were no different from other managers during the economic boom. Internet. Consumers. Communication. But that last area of competition was Nasser's Achilles heel. Last summer, when Ford insiders, board members began calling for Nasser's head, he had few people whose support he could count on. "He was so dictatorial and arrogant, the dealers hated him, the employees didn't have any patience for him and after awhile, even the analysts turned against him," says one longtime Ford watcher...