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Author Archives: peter lacey

Steven D. Goldstein

When he was given the top job at American Express Bank in March 1991, Steven D. Goldstein says, it was “like putting my face on a fire hydrant.” Neglected while the parent company took its 1980s roller-coaster ride with Shearson and Lehman, AEB had  gained a lot of autonomy, but not much profit. It generally kept a low profile inside ...

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Josh S. Weston

We don’t go into any business unless we have as a silent marketing partner, a powerful third force,” says Josh S. Weston, 63, chairman and CEO of Automatic Data Processing. That third force usually manifests itself in well-defined regulations that govern ADP clients. In ADP’s biggest business-payroll processing-Internal Revenue Service statutes and federal wage and hour laws keep clients on ...

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John W. Rowe

In an age of complex, burgeoning environmental regulation, how to be clean and cost-effective? For John W. Rowe. president and CEO of New England Electric System (NEES), one answer is NEESPLAN 3, a program to reduce air emissions while increasing power production and keeping rate hikes in line with inflation.Unlike some of its more nuclear-powered competitors, NEES relies heavily on ...

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David Laventhol

As CEO of The Los Angeles Times, flagship of the $3.6 billion Times Mirror Company, David Laventhol has command of an endangered vessel. Once a profit maker, the Times has recently been leaking money at an alarming rate. In 1991, operating profit for the Times Mirror newspaper publishing division was down for the fourth consecutive year, to $132 million from ...

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Lawrence R. Pugh

In a $6 billion “jeanswear” market bursting at the seams with manufacturers, VF Corp.’s Wrangler, Lee, Rustler, and Girbaud brands sewed up a 27 percent market share in 1991. These powerhouse brands alone chalked up more than 55 percent of $2.95 billion in overall sales for Wyomissing, PA-based VF, the undisputed market leader.Says Lawrence R. Pugh, VF’s chairman, president, and ...

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LA Flawed

The burning and looting that followed the Rodney King verdict compounded the problems of a city already reeling from an exodus of manufacturers and lobs. But the riots may have sounded a wake-up call for a CEO community traditionally fragmented and apathetic about community issues.

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An Artistic Indulgence

 “I enjoy the experience of handling and reading a book that is superbly printed on great paper with the text beautifully illustrated-important literature conjoined with important art,” says David R. Beatty, president of Toronto-based Weston Foods Ltd.The CEO savors fine books, calling them “an indulgence.” He isn’t alone. The patronage of such collectors as former Ford CEO Donald E. Petersen ...

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Rene Anselmo

In 1988, an explosion in French Guiana launched a new career for Rene Anselmo. The explosion could also have buried that career, but instead, it hurled PAS-1 into orbit 22,000 miles above the equator. Anselmo suddenly possessed the world’s first privately owned communications satellite. PAS-1 began making money almost immediately, but last year, with the Gulf War boosting demand, earnings ...

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Kathy Keeton

It’s mind-boggling. You’re in another world!” Kathy Keeton is raving about one of her favorite subjects, virtual reality, but her guests are reacting in similar fashion to the setting in which she speaks: a seven-floor, 28,000 square-foot townhouse, the largest private house in Manhattan, which Keeton shares with her husband, publisher Bob Guccione.“Can you imagine Penthouse in virtual reality?” Equally ...

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