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BUSINESS
October 18, 2005 | From Reuters
Newell Rubbermaid Inc. said Chief Executive Joseph Galli resigned "by mutual agreement" with the board, ending a tenure of more than four years marked by job cuts, plant closings and attempts to turn the consumer products maker around. Newell board member and former Procter & Gamble Co. executive Mark Ketchum was named interim CEO.
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BUSINESS
October 18, 2005 | From Reuters
Newell Rubbermaid Inc. said Chief Executive Joseph Galli resigned "by mutual agreement" with the board, ending a tenure of more than four years marked by job cuts, plant closings and attempts to turn the consumer products maker around. Newell board member and former Procter & Gamble Co. executive Mark Ketchum was named interim CEO.
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BUSINESS
January 9, 2001 | From Associated Press
Newell Rubbermaid Inc. named VerticalNet Inc. Chief Executive Joseph Galli as its CEO and president, a move that returns Galli to an "old-economy" company after an 18-month-long stint at Internet firms. The housewares maker, which announced Galli's hiring Monday as its president and CEO, hopes his reputation for marketing savvy and business discipline can help turn around a company whose fortunes have declined in the last two years.
BUSINESS
January 9, 2001 | From Associated Press
Newell Rubbermaid Inc. named VerticalNet Inc. Chief Executive Joseph Galli as its CEO and president, a move that returns Galli to an "old-economy" company after an 18-month-long stint at Internet firms. The housewares maker, which announced Galli's hiring Monday as its president and CEO, hopes his reputation for marketing savvy and business discipline can help turn around a company whose fortunes have declined in the last two years.
BUSINESS
August 18, 1999 | Bloomberg News
Amazon.com Inc. gave Joseph Galli options to buy 1.96 million shares over the next two decades and a $5-million bonus for joining the company as its president and chief operating officer in June. The executive will get a base salary of $200,000 this year, the company said in a filing with the Securities and Exchange Commission. Galli can exercise the options to buy Amazon.com shares at the price of the shares on June 24, Amazon.com's filing said. The stock closed at $113.63on that day. Amazon.
BUSINESS
January 19, 2001 | Bloomberg News
VerticalNet Inc., a manager of Web sites on which companies can buy and sell goods, said it is cutting 150 jobs, or 8% of its work force, and closing some sales offices to reduce costs. The layoffs come 10 days after Joseph Galli, VerticalNet's former chief executive, left to become president and CEO of Newell Rubbermaid Inc. and was replaced by co-founder Michael Hagan. The Horsham, Pa.
BUSINESS
June 26, 1999 | Bloomberg News
Amazon.com Inc. said it named Joseph Galli as its first president and chief operating officer after Galli decided against joining PepsiCo Inc. Galli, 41, previously was president of Black & Decker Corp.'s global power tools and accessories unit, where he built up its successful DeWalt tool line, until he resigned in April. Amazon.com is expanding its management team as it spends millions of dollars to develop new products and advertise its brand.
BUSINESS
June 19, 2001 | Bloomberg News
Newell Rubbermaid Inc. agreed to sell its Anchor Hocking glassware business to Libbey Inc. for $332 million to focus on its Calphalon pots, Sharpie markers and Rubbermaid buckets and organizers. Anchor Hocking, which makes baking dishes, drinking glasses and specialty-glass products, had sales of $216 million last year and employs 1,900. Libbey, the largest North American glassware maker, said the cash purchase will add 10 cents to 15 cents a share to earnings after the first year of ownership.
BUSINESS
May 4, 2001 | Bloomberg News
Newell Rubbermaid Inc. said it plans to eliminate 3,000 jobs, or 6% of its work force, over three years after first-quarter earnings at the maker of Calphalon cookware and Levolor blinds fell by half. The company for the second time cut its annual profit forecast, to $1.50 to $1.65 a share from the $1.70 to $1.80 estimated in February. Second-quarter earnings will be 37 cents to 42 cents a share, Newell said. Analysts' average estimate is 44 cents.
BUSINESS
September 16, 2005 | From Reuters
Newell Rubbermaid Inc., whose consumer goods include Sharpie markers, said Thursday that it would cut 5,000 jobs and close about one-third of its 80 manufacturing facilities under a three-year plan that focuses on cost cuts, new products and marketing. Newell, which has been plagued by higher raw material costs to manufacture Rubbermaid storage containers, Goody hair clips and a host of other products, said it hoped to trim costs by more than $120 million annually by 2008.
BUSINESS
August 3, 2000 | From Reuters
Amazon.com Inc. said Wednesday that it has granted new stock options in a move designed to reward and retain employees following a steep drop in the online retailer's share price. Last Friday, Amazon Chief Executive Jeff Bezos said in an e-mail to employees that a special one-time grant to buy stock at $30 a share would be given to workers who joined before July 24, 2000, and whose original option exercise price was higher than $29.75.
BUSINESS
August 4, 2000 | STANLEY HOLMES, TIMES STAFF WRITER
Amazon.com revealed that a significant portion of revenue from one of its most profitable business units is paid in volatile Internet stocks rather than cash, leading some analysts to further question the quality of the beleaguered Web pioneer's earnings. The online retailer said on Wednesday that the $24.3 million it received from its Amazon Commerce Network in the second quarter included only $4.2 million in cash, according to Securities and Exchange Commission filings.
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