Word: partners
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Dates: during 1980-1989
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Gerstner, who was widely expected to succeed American Express Chairman James Robinson, 53, has never run a tobacco business. But KKR partner Henry Kravis chose Gerstner for his prowess as a strategic planner. Among other accomplishments, Gerstner launched the successful Platinum card. As chairman at RJR Nabisco, he will have to engineer the sale of about $8 billion in assets to pay off some of KKR's buyout borrowings. But his compensation will be as tall as his task: as much as $45 million over five years...
However incontrovertible the logic, even Baker admits the Administration will have no Nicaraguan policy "without Congress being a full partner." Last week he met privately with key congressional leaders to urge that support for the contras, scheduled to run out on March 31, be extended at the rate of about $4 million a month. The Democrats haven't said yes yet, but they have been willing to listen. "There's a lot more trust with these guys than there ever was with the Reagan crowd," says Connecticut Senator Christopher Dodd, a persistent critic of Reagan's Central America policy...
...that having children may cost them a chance at the top jobs. Despite the new outpouring of corporate benefits for working parents, professional women justifiably suspect that some bosses now categorize their female employees into two classes: mothers and achievers. "The idea is really offensive," declares Maryellen Cattani, a partner in a San Francisco law firm, whose Volvo carries her daughter's child seat in the back and a car phone in the front...
...complete parental sacrifice. Another problem is that the system could put a woman on a slow track for a whole career, even though the critical child-rearing years constitute only one brief phase of her life. Says Jayne Day, mother of a six- year-old daughter and a partner in the Manhattan office of the accounting firm Peat Marwick: "How, at age 25, is anyone going to make a personal decision about what track to be on? Firms need to be more open and flexible...
...speaks from experience. At Peat Marwick, Day worked part time for two years, starting in 1984, when her daughter Jacqueline was one year old. After Day resumed her full-time duties in 1986, she was promoted to partner. Says Day: "If the Mommy Track becomes a slower track for certain periods in your career, well, I am willing to accept that. What I am not willing to accept is that it totally turns off my options later to get back on track...