Excerpts: Handpicked for Apple: Tough-Minded Spindler Takes Over in Tough Times As Apple Chairman John Sculley’s heir apparent for the last three years, Michael Spindler has been counted on to guide the young computer maker through its turbulent adolescence. Now the 50-year-old, German-born engineer will have even more of a chance as Sculley announced Friday […]
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Luke Family’s Reign Is Extended at Westvaco
Selected Excerpts The Luke family has run the Westvaco Corporation since the large paper and specialty chemicals company was founded in 1888. And yesterday the New York-based company continued that tradition by announcing that it had named John A. Luke Jr., executive vice president, to be the company’s president and chief executive. Mr. Luke, the
Former Interim Chief To Head KinderCare
Excerpts: “Former Interim Chief To Head KinderCare” KinderCare Learning Centers Inc., the child-care company that got into financial difficulties with investments in “junk bonds,” said yesterday that its president and chief executive had resigned and that Tull Gearreald, an investment banker, was returning to head the company. Mr. Gearreald, 45 years old, is leaving after
KinderCare’s Problem Child: It’s Portfolio
Excerpt: KinderCare’s Problem Child: It’s Portfolio In 1988, Drexel Burnham Lambert ran a rousing television spot that featured KinderCare Inc., a Montgomery, Ala., company that runs the largest day-care chain in the nation. It was all about how Kinder-Care’s new centers were helping working women everywhere juggle their children and careers thanks to $300 million
Apple Shifts President’s Title
Excerpts: Apple Shifts President’s Title Michael H. Spindler, Apple Computer Inc.’s chief operating officer, has been named president. The appointment does not involve any changes in responsibilities but endorses Mr. Spindler’s leadership role. Mr. Spindler will continue to report to John Sculley, Apple’s chairman and chief executive who had also been president. Mr. Spindler was
Excerpts: “The Junk Heap” So the man who many thought cut a deal to avoid the public agony of a trial (and, not incidentally, to spare his brother, Lowell, from the threat of criminal prosecution) went on trial anyway. Milken admitted a measure of guilt in April, saying he engaged in illegal dealings with Boesky
Excerpts: “Family-Run Westvaco Promotes Son of Chief.” The Westvaco Corporation, a leading maker of paper, packaging and chemicals, has announced management changes that put John A. Luke Jr., the son of the president and chief executive, in the catbird seat. His father, who will be 65 at the end of November, has been asked by
Excerpts: Westvaco Corp. v United States Environmental Protection Agency Nos. 89-2180; 2181 (899 F.2d 1383) (4th Cir. February 15, 1990) This matter is before the court on the motion of the United States Environmental Protection Agency (EPA) to dismiss consolidated petitions for review filed by Westvaco Corporation (Westvaco) challenging certain agency actions taken by EPA
Excerpts: Westvaco Corp. v United States Environmental Protection Agency 899 F.2d 1383 Nos. 89-2180, 89-2181 This matter is before the court on the motion of the United States Environmental Protection Agency (EPA) to dismiss consolidated petitions for review filed by Westvaco Corporation (Westvaco) challenging certain agency actions taken by EPA Region III on June 2,
Robert Baldwin’s return to investment banking
Excerpt: Robert Baldwin’s return to investment banking Speaking of dealmakers: CEOs of undervalued companies may be getting a call from former Morgan Stanley chairman Robert Baldwin. After five years in semiretirement, Baldwin, 69, is chairman of a year-old investment banking boutique called Lodestar Group. With nearly $300 million provided largely by Japanese investors, Lodestar has