Word: successors
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Dates: during 1990-1999
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Iacocca plans to retire in January, at age 68, but he will leave behind a noticeably happy family at Chrysler. Last spring he chose as his successor Robert Eaton, the chief of GM's successful European operations, which rankled some Chrysler insiders at first but has produced a smoothly working triumvirate that includes the former heir apparent, president Robert Lutz. Iacocca sees the upheaval as a positive force. "We do run better scared," he says. "When we have trouble, we're used to that. That has been the beauty of Chrysler for 50 years." While Chrysler still has $15.9 billion...
...proximate cause, as a lawyer might say, is his defiance of Russia's highest judicial authority, the Constitutional Court. But the case is much broader: it pits Gorbachev against his protege-turned-riva l-turned-successor, Boris Yeltsin; it reveals the primitive, confused nature of legality in a country that is still emerging from official lawlessness; and it dramatizes the difficulty that all ex-communist states are having in coming to grips with their past...
...management's bleak assessment of its money-losing real-estate business. Under the plan, Marriott will split into two separate, publicly traded entities by mid-1993. The healthier operations will be reorganized as Marriott International, a company that will concentrate on operating hotels, resorts and food services. Meanwhile, the successor firm, to be renamed Host Marriott, will retain ownership of the 141 lodging properties and 16 retirement communities, plus airport and toll-road concessions. Host Marriott, whose businesses generated 19% of the existing corporation's 1991 revenues of $9.1 billion, will also assume practically all the existing company...
...still destroy Clinton. If that is the result, he can be assured of a terminally hostile Democratic Congress through his second term. Moreover, he will have no positive mandate from the voters and will have to contend with a bitter battle within his own party over his successor in 1996. As he wandered over the line of decency last week in his red-baiting attacks, a troubling question arose: If Bush wins a second term by these destructive tactics, will he have destroyed his presidency in order to save...
Clark has created a committee to search for apermanent successor to Wald. Today Wald'sassistant, Director of Student Activities SuzanneL. Richardson, assumes the role of dean ofstudents...