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Author Archives: peter lacey

Atlanta Games

In 1996, the business capital of the New South will bask in the Olympic spotlight. But will the injection of capital provided by the games defuse the city's subtle racial tensions or rehabilitate battered downtown neighborhoods?

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James B. Williams

In an era marked by debates about the merits of delegating decision-making authority, James B. Williams, chairman and chief executive officer of SunTrust Banks, takes a pragmatic approach.“My managers have autonomy until they aren’t making money. Then they don’t have it anymore,” Williams said. “Rather than wake up at night wondering what’s happening in the 50 banks we own, I ...

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Herman Russell

A sizable chunk of skyline in Atlanta-the bustling business capitol of the South-bears the imprint of construction giant Herman Russell.The chairman and chief executive officer of H.J. Russell & Co., Russell has left his mark on city sites including the headquarters of Coca-Cola and Georgia-Pacific. When the Super Bowl comes to Atlanta in 1994, it will be played in a ...

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Larry L. Prince

As the auto industry languishes, more and more people are repairing cars they might normally have traded in for new ones. Whether they do it themselves or rely on a mechanic, their old cars need new parts. Or, as Larry L. Prince might say, they need Genuine Parts.As chairman and CEO of the nation’s largest auto parts supply company, Prince ...

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Mark Baker

For British Telecom, a true North American presence was first established when it acquired TYMNET from McDonnell Douglas in 1989. At a cost of $355 million, it gained a global data network that fitted neatly into its expanding ISDN capability. The only surprise for the man who led the acquisition was when he was asked to run the new company.Mark ...

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Maurice G. Hardy

Only serious environmental incidents like the recent-and costly-Perrier debacle remind most of us of the crucial importance of the “fluid clarification,” or filter, industry. An acknowledged leader in the industry (whose products were not involved in the Perrier incident) is the Pall Corporation of Glen Cove, N.Y.Pall has quietly come to dominate several important niches with a product line that ...

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Claude Bebear

Claude Bebear launched what could have become the biggest ever French business acquisition in the U.S. In July 1989, Bebear, chairman and CEO of Paris-based Axa Midi Assurances, was offered the Los Angeles-based Farmers Group for $4.5 billion.Bebear has been rapidly internationalizing France‘s third-largest insurance company. America, with 40 percent of the world market, was beckoning. Now Axa Midi, with ...

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