A score card of contenders for IBM chief
Article Abstract:
The list of prospects to become IBM's new chief includes Northern Telecom Chmn and CEO Paul Stern, Hughes Aircraft Chmn C. Michael Armstrong, Apple Chmn John Sculley and Allied Signal Chmn and CEO Lawrence Bossidy. Stern has a reputation as a restless, demanding manager. As a senior IBM vice president, Armstrong was a leading contender to replace current IBM CEO John Akers until 1992, when Akers told him he would never get the job. It may be too early for Armstrong to leave his new position at Hughes Aircraft. Sculley is said to be happy at Apple, but might be tempted by the opportunity to turn around a corporate legend. Bossidy has won high plaudits for turning around Allied Signal. Other contenders include former HP Chmn John Young, Emerson Electric Chmn Charles Knight, Perot Systems Chmn and CEO Morton Myerson, Motorola Chmn George Fisher and former IBM executive George Conrades.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Greenwich gossipers say IBM tea leaves spell out 'Sculley;' Apple chief's home purchase in Connecticut town cited in succession speculation
Article Abstract:
The rumor mills in Greenwich, CT, are predicting that former resident and current Apple Chmn John Sculley is a leading choice to succeed IBM CEO John Akers, who announced his plans to step down Jan 26, 1993. The evidence is Sculley's recent purchase of a $1.15 million home in northern Greenwich, only a few minutes from IBM headquarters in Armonk, NY. Other evidence is presented to back the claim that Sculley's selection as the chief of IBM is imminent. As yet, however, there is no evidence from IBM or Sculley himself that he is under consideration for the position or, indeed, that he might take it. Meanwhile, IBM has retained two executive search companies, Spencer Stuart Inc and Heidrick and Struggles Inc, to help in the search for a replacement for Akers.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Xerox's Allaire to succeed Kearns as chief executive
Article Abstract:
Xerox Corp names Paul Allaire to succeed David Kearns as chief executive officer. The change is scheduled for Aug 1, 1990. Kearns will remain as the company's chairman. Melvin Howard, who heads Xerox's Financial Services, will retire on May 1. Allaire's succession had been expected, but Howard's retirement comes as a surprise. Analysts interpret the moves as signaling the company's satisfaction with emphasis on business equipment operations and disillusionment with financial services.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1990
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Bruised Apple: computer firm's chief faces slowing growth, discord in the ranks; Sculley is assailed for giving lavish executive perks, making tactical blunders; Too many reorganizations?
- Abstracts: Bruised Apple: computer firm's chief faces slowing growth, discord in the ranks; Sculley is assailed for giving lavish executive perks, making tactical blunders; Too many reorganizations? part 2
- Abstracts: AT&T gets more leeway on business price policies. Bells close in on information services. FCC opens study today of competition within long-distance telephone sector
- Abstracts: IBM introduces file-server line and laser printer. IBM shows off its latest mainframe gear, outlines plan to bolster faltering line
- Abstracts: AT&T requests local services in two states; plan for Illinois, Michigan aims to create a model, covers Ameritech turf