Word: successors
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Walter's departure leaves AT&T in the hands of CEO Robert Allen, whose tortured leadership of Ma Bell ignited the search for a successor. His nine-year tenure has been marked by some seemingly desperate attempts to expand beyond telephones and phone service, including the failed $6 billion acquisition of computer maker NCR Corp., the pricey buyout of McCaw Cellular ($13 billion) and some high-profile product failures. NCR, which lost billions, was spun off in last year's "trivestiture." Another castaway, the manufacturing arm now called Lucent Technologies, has been on a tear since leaving Allen's hold...
...Friday, Ohio State officials established a presidential search committee to select Gee's successor...
...YORK: After yesterday's public trashing by AT&T of outgoing president John Walters, TIME's Daniel Kadlec says the company's normally patient investors are growing restless. "CEO Bob Allen can't decide whether he's going to retire or stay. He can't decide on a successor. He has big merger plans (with Bell company SBC Communications), which the government won't let him carry out. Now he's coming out and saying, 'The guy I picked isn't smart enough for the job.' There's lots of room for investors to wonder whether this company will...
...Union, scooping up precious military secrets from Russians for a song. So far, the boys working the Lubyanka hotline say the response has been fantastic. Several hundred "interesting" phone calls (as well as a few "psychologically abnormal" ones) have poured in since Nikolai Kovalyov, head of the KGB's successor, the Federal Security Service, went public in a recent televised appeal...
...latest, but surely not the last, case in point is Speed 2: Cruise Control, unworthy successor to the last action movie that ran as much on wit as it did on special effects. That film was in touch, however goofily, with some of our everyday anxieties--a runaway bus on a screwed-up freeway is not entirely beyond our ken. At the very least we can imagine being caught in the resulting traffic...