Word: smale
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Only 40 years old and the mother to three youngchildren, New stands out among the University'smale-dominated pool of tenured professors...
...best in GM. Like soldiers in a conquered army, many roamed aimlessly last week along the corridors of the company's limestone-clad Detroit headquarters. The ouster shook even Stempel's union adversaries, who feared what life would be like after the boardroom coup led by John Smale, 65, the hard-charging retired chairman of Procter & Gamble. Smale has emerged as a possible Stempel successor and the real power inside the embattled company...
Employees braced for a take-no-prisoners conquest. Together with president Jack Smith, 54, the former head of GM's profitable overseas operations, Smale and the board seemed poised to purge Stempel's top lieutenants and embark on a sweeping new round of layoffs to restructure the former flagship of American industry. "GM is spooked and in complete turmoil," said a longtime supplier. "It is faced with total upheaval caused by an outside force -- something that once was unthinkable...
...rumor and anxiety racked the company last week, GM resembled a nation in search of a leader. "People are waiting for someone to step up and announce they are in control," said a senior executive of a major supplier. The betting was that Smale and Smith would divvy up Stempel's job, with Smale becoming chairman and Smith assuming the post of chief executive officer. Smith has been virtually running the company since April, when the directors installed him as president and told him to speed up the pace of corporate restructuring...
...pressure as Stempel to let the ax fall. Board members picked up tough ideas about what needs to be done in talks last month with General Electric chairman Jack Welch, who earned the nickname "Neutron Jack" by slashing GE's work force in the 1980s. Welch reportedly huddled with Smale and several other directors during a two-day forum of CEOs in Hot Springs, Virginia...