Small-town fellow reaches top of retail as Wal-Mart CEO

Article Abstract:

Lee Scott has been designated to replace David Glass as CEO of Wal-Mart Stores Inc. Scott joined Wal-Mart in 1980 when the retail giant was only selling $1.2 billion in merchandise. His ascension to the top post at Wal- Mart comes at a time when its annual sales reach $200 billion. Glass remains as the chairman of Wal-Mart's executive committee, while Rob Walton retains his post as corporate chairman.

Variety Stores, All Other Specialty Food Stores, Wal-Mart Stores Inc.

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Friends say ousted Freddie Mac exec is a straight arrow

Article Abstract:

Board members fired David Glenn, former president and chief operating officer of Freddie Mac, a mortgage finance giant, for his alleged involvement in accounting discrepancies. Friends and neighbors vouch for Glenn's frugal lifestyle and are not ready to accept Freddie Mac's accusations of Glenn's non-cooperation with an investigation into the company's accounting.

Legal issues & crime, Mortgage Bankers, Real Estate Credit, Mortgage Bankers and Brokers, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Officials and employees, Company legal issue, Investigations, Mortgage banks, Fraud investigation, Federal Home Loan Mortgage Corp., FRE, Glenn, David

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Compaq browses for a captain

Article Abstract:

Compaq Computer will have difficulty searching for a new CEO because of the current scarcity of executive talents in the computer industry.;According to experts, the computer industry is experiencing shortage of potential executives due to the rapid expansion of the industry and the preference of executives to stay in Internet and electronic commerce companies. Compaq, which suddenly ousted CEO Eckhard Pfeiffer on Apr 18, 1999 for unrevealed reasons, might just have to conduct its CEO search outside the industry for Pfeiffer's replacement.

Electronic Computer Manufacturing, Analog & Hybrid Computers, Microcomputers, Compaq Computer Corp.

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