September 2, 2012 |
Over the last three decades, public companies have shifted their focus from promoting long-term growth to maximizing "shareholder value" (a euphemism for share price) in the short term. And the federal government has embraced this religion. In 1993, Congress changed the tax code to require companies to link executive pay to "performance" (typically stock price). The Securities and Exchange Commission over the last two decades has adopted rules to make corporate directors ever more "accountable" to shareholders.
March 10, 2002 |
Douglas J. McCarron enters the room, takes it over, really, with his lanky 6-foot-5-inch frame, his striking white hair and beard, his penetrating intensity. He is a man who inspires superlatives, and his commanding physical presence helps explain why. Chief of the United Brotherhood of Carpenters and Joiners of America, he is among the most aggressive and controversial of modern labor leaders: a genius to some, a manipulative tyrant to others.
November 28, 2000 |
So different in some ways, so much alike in others. Jeffrey R. Immelt, the General Electric Co. manager chosen to succeed the venerated John F. "Jack" Welch Jr. as GE's chief executive next year, is a tall, loping man with an easy manner and warm style, whereas Welch is known for his tough, exacting and aggressive approach to management. But there is no question what they have in common: an indisputable desire to lead and improve a company's fortunes, often through radical change.
January 16, 1995 |
Talks between Turner Broadcasting System and General Electric regarding a possible merger have ended because the two sides couldn't agree on who would control the proposed company, according to executives at both companies. The talks ended after top-level meetings on Friday in Atlanta, where Turner is headquartered. The meetings involved GE chairman Jack Welch, NBC President Robert Wright and Ted Turner, chairman of TBS.
October 11, 2012 |
WASHINGTON -- The number of people filing new jobless claims plunged last week to a 4 1/2-year low. Analysts said the report Thursday probably overstates what appears to be a moderately improving job market. And coming just days after officials reported that the unemployment rate fell in September to a post-recession low, some critics of Obama administration policies may again see political interference in the new data. Thursday's report showed that there were 339,000 initial claims for unemployment benefits in the week ended last Saturday.
October 22, 2011
SATURDAY Good Morning America (N) 7 a.m. KABC McLaughlin Group (N) 6:30 p.m. KCET The Chris Matthews Show Mitt Romney's popularity; Obama's 2012 campaign tactics: Chuck Todd, NBC; Kelly O'Donnell, NBC; David Ignatuis; Gloria Borger, CNN. (N) 5:30 a.m. KNBC SUNDAY Today (N) 6 a.m. KNBC Good Morning America (N) 6 a.m. KABC State of the Union With Candy Crowley Death of Libyan leader Moammar Kadafi; 2012 campaign; the economy: Vice President Joe Biden.
October 3, 2001 |
General Electric Co. and Honeywell International Inc. formally terminated their merger agreement three months after the European Union blocked the $47-billion transaction. General Electric will reimburse Honeywell for some merger-related expenses and agreed to buy two businesses with sales of $35 million a year. Terms weren't disclosed. Honeywell would have had to pay a $1.35-billion breakup fee to void the agreement before Nov. 30.
December 6, 2000 |
General Electric Co. named David Calhoun chief executive and president of its GE Aircraft Engines unit to replace James McNerney, who was named chief executive and chairman of Minnesota Mining & Manufacturing Co. McNerney agreed to take the helm at 3M, the diversified maker of consumer, industrial, and life-sciences products, after he was passed over to succeed Jack Welch as chairman and chief executive of GE. He will join 3M on Jan. 1.
December 17, 1994 |
A possible partnership between Turner Broadcasting and General Electric was discussed Friday at a regularly scheduled GE board meeting, but no deal was on the table and the GE board took no action, sources said. Turner Broadcasting Chairman Ted Turner, GE Chairman John F. (Jack) Welch Jr. and NBC President Robert C. Wright have been in exploratory talks regarding a possible merger or other partnership between the two companies.