Word: tenneco
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Dates: during 1990-1999
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Talk about a dubious distinction. The Council of Institutional Investors just released its annual "focus list," which spotlights 20 stocks that seriously underperformed their peers for five years. But some sporting investors have taken to using the list, which ranges this year from Adobe to Tenneco, to go bottom fishing for stocks that are about to rise...
Each delegate gets his or her own "goody bag," assembled by the host committee. The bags include a number of special convention-edition products, ranging from macaroni and cheese with elephant- and star-shaped macaroni from Philip Morris to Hefty storage bags from Tenneco to a "roll back the beer tax" mug from Anheuser-Busch. Also included are raisins by Dole Food, baseball caps from Warner Bros. and MSNBC, and a copy of the new book by G.O.P. chairman Haley Barbour--and all in a red-white-and-blue tote...
...computer giant that has lost $8.37 billion so far this year. In June a troubled Westinghouse Electric asked Michael H. Jordan, a partner at the New York City investment firm Clayton Dubilier & Rice, to succeed outgoing chairman Paul Lego. Former Union Pacific chairman Michael Walsh replaced James Ketelsen at Tenneco, a Houston-based auto-parts, shipbuilding and natural-gas conglomerate. Outsider Stanley Gault left retirement to take charge of laggard Goodyear. And Lawrence Bossidy, a General Electric veteran was recruited for the top job at Allied Signal, whose business supplying components to the aerospace industry was in a downdraft...
Just hours after receiving the news, Tenneco Inc. chairman Michael Walsh revealed publicly that he has serious but treatable brain cancer. Walsh's disclosure was part of the culture he has proudly created at Tenneco -- one based, in his words, on "openness and candor...