Word: sin
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...botched reorganization derailed CEO Rick Thoman. An IBM and American Express executive and a Lou Gerstner protege, Thoman was brought in as CEO last year to turn Xerox into a high-tech dynamo. His sin was not his strategy but his sense of urgency. Thoman believed Xerox had to move fast, but the troops were not ready. "There's a fine touch between knowing what to do and when to do it," an insider says of Thoman's leadership. Thoman was replaced by former Xerox chief Paul Allaire...
...Authority, but he notes that the body took on greater force after it started to levy heavy fines. "In the early years, there was very little use of this instrument," he says. "In the beginning, there was normally just an injunction, as if everything were a venial sin...
...failing to act on his pledge as of late last week, however, Fujimori raised doubts about his resolve on that or other undertakings. With Montesinos holed up in his apartment at the top of SIN's downtown headquarters, guarded by 800 of his agents, the President made no moves against him. And congressman Alberto Kouri, the compromised opposition member, was not so much as questioned by police...
Fujimori and Montesinos, head of the National Intelligence Service (SIN), have been virtually inseparable since 1992, when the President abruptly dissolved Congress for eight months and took near absolute power in order to fight--successfully, as it turned out--a Maoist insurgency that had brought the country to chaos. Ever since, charges of torture, fraud in last April's presidential election, and gunrunning have been leveled against SIN. They culminated two weeks ago with the broadcast of a videotape, apparently leaked from Montesinos' headquarters, showing the spy chief handing over a thick packet of cash to persuade an opposition legislator...
...chose to self-inflict a wound. On national TV, he announced that just months after winning a third term in an election international observers described as unfair, he was ordering new elections in which he would not stand. Fujimori startled Peruvians further by stating that he would disband the SIN, one of the main props of his rule...