Word: sunbeams
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...them the boundless cheer and goodwill that come from being fully invested and watching CNBC all day. That goodwill inspired bountiful acts, such as Ted Turner's pledging $1 billion to charity and Al Dunlap's--the Grinch, to some--granting stock options to every last employee at Sunbeam Corp. Of course, we still have work to do. Managers of Oxford Health Plans padded their wallets by selling sleighfuls of stock this year, just before the price collapsed. That seems at odds with the giving spirit. O Ghost of Christmas Yet to Come, book some time with...
...Sale, Again Back in September, the American Medical Association backed down from an endorsement deal with Sunbeam. Now the AMA is set to revive the cash-for-credibility corpse...
When the American Medical Association revealed three months ago it had agreed to endorse a line of Sunbeam products, the plan was almost universally denounced as poison for the credibility of the 150-year-old organization. So the AMA backed down. Thursday its chief executive, Dr. P. John Seward, resigned, anticipating a lambasting at the association's semi-annual meeting next week. He is the fifth high-level AMA officer to do so since the deal was announced...
...next week, the AMA's policy-setting House of Delegates will be considering a proposal titled "Principles to Guide A.M.A Corporate Relationships." Seems the Sunbeam deal never got voted on, just shouted down, and an official policy decision has still to be made. Critics of the first deal, which include scores of doctors as well as consumer advocacy groups, are shaking their heads...
...perversity of free markets. How many times have you seen a company so down that it says it must shed thousands of jobs, and the stock zooms? So ingrained is this convoluted logic that the mere appointment of a CEO known for tough love can send a stock flying. Sunbeam surged 49% on the day cost-cutting Al ("Chainsaw") Dunlap became CEO. Japan should name him Minister of Finance; the rally would dazzle...