Word: turnaround
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...Dunlap, who landed in the corner office at Sunbeam in July, is nothing if not extraordinary. Just ask him. Why should he step up now? Next week the man known as Chainsaw Al, who became the poster boy of ruthless restructuring, will unveil eagerly awaited details of his turnaround strategy at troubled Sunbeam, which makes toasters, barbecues and other gadgets. The rap on Chainsaw is that he's all cut and no growth, and you can be sure his plans for Sunbeam will include a drastic reduction in facilities, product lines and head count. But if he's so sure...
Dunlap, 59, is a talkative, roll-up-the-sleeves corporate turnaround specialist who burst onto the scene with a remarkably short, lucrative and controversial tour as CEO of venerable Scott Paper in 1994 and '95. The maker of Viva and ScotTowels asked him to shake things up. So Dunlap sold billions of dollars in assets, chopped 35% of the work force, paid down debt and refocused the firm. By the time Scott was sold to Kimberly-Clark late last year, its stock had tripled, and Dunlap, via generous stock options and grants, had tucked away $100 million for himself...
...homosexual agenda" and is against legalizing same-sex marriages, adoption by homosexual couples, and gays in the military. He is vehemently antiabortion, and wants to repeal President Clinton's Goals 2000 and eliminate the Department of Education and the irs. To win this time, Reynolds needs a sizable turnaround from the 1994 election, which he lost...
...Clinton turnaround has come with costs. The tale of how he brought it off involves excessive influence over foreign policy by a special-interest group, gloves-off bureaucratic infighting and a willingness to bash U.S. allies for electoral gain. It also involves peril. Wooing Dade County's 678,000 Cuban Americans has resulted in the most volatile period of confrontation with Havana since the 1962 missile crisis. The Pentagon fears it is only a matter of time before another event like February's shoot-down of two U.S. civilian planes by Cuban MiGs sparks a military confrontation between...
...interest in TLC Beatrice, the minority-owned global food company, dates from his first meeting with founder Reginald Lewis in 1988, when Lewis was selling assets to finance his $1 billion leveraged buyout of the company. Only later did McCarroll meet Lewis' wife (and now widow) Loida, whose successful turnaround of the company is the subject of this week's story. "She's just as smart, savvy and shrewd as the next guy, but without all the macho and bluster," says McCarroll, who has covered his share of corporate movers and shakers, including Bill Gates, Michael Milken and Donald Trump...