Excerpt: Ryder Selling Truck Unit To Questor Questor Partners Fund L.P. agreed today to buy the consumer truck rental division of Ryder System Inc. for about $575 million in cash, allowing Ryder to focus on its other businesses. The division owns a fleet of 33,000 trucks that are rented nationwide through a network of about […]
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Excerpts: Apple Changes Structure of Its Top Management Apple Computer Inc. Chief Executive Gilbert F. Amelio has changed the company’s top management structure, choosing six executives to report to him directly, the company announced late Thursday. The changes, which take effect next week, create a layer of six managers just below Amelio. They are the
Apple’s Reclusive Chairman Joins CEO on the Hot Seat as Firm Seeks to Regain Footing
Excerpts: Apple’s Reclusive Chairman Joins CEO on the Hot Seat as Firm Seeks to Regain Footing As Apple Computer lurches along in crisis mode, beset by losses, operational problems, executive departures and incessant takeover rumors, more and more observers are questioning the leadership not only of much-maligned Chief Executive Michael Spindler, but of the company’s
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Vincent Tobkin of Bain & Company pitches Michael Spindler of Apple Computer
On behalf of Bain & Company, I am pleased to present you with a copy of Maximum Leadership, a new book written by my colleagues Charles Farkas and Philippe De Backer. Throughout our 23 years as an international strategy consulting firm, Bain & Company has dedicated itself to helping chief executives create sustainable value for
Vincent Tobkin of Bain & Company pitches Michael Spindler of Apple Computer Read More »
to: Louis Gerstner, CEO of IBM; Michael Spindler, CEO of Apple
Excerpts: An open letter to Louis Gerstner, CEO of IBM; Michael Spindler, CEO of Apple We thought you guys had a deal. How come you’re blowing it? Four years ago, your two companies signed an historic agreement that could have already reshaped the computer industry. Instead, you’ve squandered your assets by letting your corporate egos
to: Louis Gerstner, CEO of IBM; Michael Spindler, CEO of Apple Read More »
Excerpts: “Kemper Agrees To $2 Billion Takeover Led by Zurich Group.” The Kemper Corporation, ending a yearlong effort to sell itself, said yesterday that it had agreed to be acquired by the Zurich Insurance Group and a group of American investors for $2 billion. As an independent company, Kemper failed to produce the profit that
Excerpts: “Intel and Microsoft Added to Apple Lawsuit.” “One of our big leads in the industry is in multimedia,” said Michael H. Spindler, Apple’s chairman. “This has been an area of major investment for Apple. This is one of our battle horses.” Apple officials characterized the action of adding its two competitors to the suit
Apple Polisher
Excerpts: Apple Polisher For Michael H. Spindler, it was the year of living pragmatically. In 1994, Apple Computer Inc.’s new, no-nonsense CEO proved that his no-frills style was just what the freewheeling but ailing computer maker needed. The 52-year-old Spindler, nicknamed “the diesel” for his hard-charging ways, pared costs and made Apple efficient enough to
Excerpts: Michael Spindler’s Apple In the black expanse of the theater in the Las Vegas Aladdin hotel, a single spotlight beats down on Michael H. Spindler, the new CEO of beleaguered Apple Computer Inc. “I could see myself being a grandfather sitting with a grandchild on my lap in a tomato field saying: ‘I didn’t
Excerpt: Apple Executive Is Let Go and Sues In June, John Sculley, chairman and chief executive, abruptly announced he would resign as chief executive. Mr. Sculley has remained chairman of Apple but has not been closely involved in running the company, according to several executives inside and outside the company. Financial analysts and former Apple