Word: powerfulness
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Dates: during 1990-1999
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...even him--but surprise did not stop him. Snyder met his match in the equally fearsome Martin Davis, who became CEO of Simon & Schuster's parent company, Gulf + Western. Meanwhile in the Bronx, Yankee owner George Steinbrenner was taking delight in firing people. He is so paradigmatic of impetuous power (throwing tantrums, bad-mouthing employees in the press, hiring a spy to dig up dirt on Dave Winfield) that he's simply called the Boss--and not in a hip, Bruce Springsteen...
Wall Street's favorite boss today is the power tool who can shred humanity like an old memo to "create value." GE's Jack Welch, soon after becoming CEO, earned the label "Neutron Jack" for closing plants and laying off workers. He's a prince compared to "Chainsaw" Al Dunlap. A West Point graduate and former paratrooper, Dunlap struck like Sherman and crowed about it. At Lily Tulip he fired 50% of the corporate office; at Crown-Zellerbach, 20% of the work force; at Scott Paper, 11,000 employees. After firing 6,000 at Sunbeam, Chainsaw himself got axed...
...Jones & Co. to pick up news and gossip and then peddle them to brokers, bankers and slippery speculators. In 1889 Dow Jones launched the Wall Street Journal, a four-page stock-and-bond paper. Price: 2[cents]. As Edward Scharff writes in his book about the company, Worldly Power, "The Dow Jones messenger boys and reporters hustled advertising and subscriptions while they made their rounds... Much of the financial advertising in the Journal was placed to buy the newspaper's silence...
...maybe not. But one thing is certain. The demand for skilled employees--especially technology people--will outstrip the supply for the next hundred years. Managers won't be able to tyrannize their rare and valuable technology experts. The balance of power will continue to shift. In the next generation, engineers will rule the corporate world...
...look forward to that day. We're already seeing the first signs of this power shift. In many companies, engineers wear casual clothes while their managers wear uncomfortable business clothes. By analogy, when you see an organ grinder and his monkey, it's always the monkey who has to wear the uncomfortable red vest and hat. If the monkey had the power, he'd be wearing Dockers. That's all you need to know...