Download Ebook Mean Business: How I Save Bad Companies and Make Good Companies GreatBy Albert J. Dunlap, John (Editor) Mahaney, Bob Andelman
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Mean Business: How I Save Bad Companies and Make Good Companies GreatBy Albert J. Dunlap, John (Editor) Mahaney, Bob Andelman
Download Ebook Mean Business: How I Save Bad Companies and Make Good Companies GreatBy Albert J. Dunlap, John (Editor) Mahaney, Bob Andelman
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Al Dunlap is an original: an outspoken, irascible executive with an incredible track record of injecting new life into tired companies. The business media have coined a new verb--"to dunlap"--when describing a fast company turnaround. In April 1994 he became CEO and chairman of Scott Paper, which had lost $277 million in 1993, was on credit watch for excessive debt, and whose stock had been comatose for seven years. In a mere nineteen months, Scott had record earnings, the stock had increased in value by $6.5 billion (over 200 percent), and Dunlap merged Scott with Kimberly-Clark in a stock swap that valued Scott at $9 billion and created the second largest consumer-products company in the United States.
Mean Business combines Dunlap's colorful personal history--his working-class background, employment, friendship with such people as Sir James Goldsmith and George Soros, his views on why too many executives think of themselves as corporate royalty--and his provocative ideas on management and leadership. His specific, tested program on how to evaluate and choose a management team, get the lowest costs from suppliers, improve the balance sheet, and develop a real strategy make this an invaluable book.
The controversy about corporate performance and how to achieve it is near the boiling point, as executives face the hard fact of business life: What is good or even excellent today won't be satisfactory tomorrow. Mean Business is absolutely essential for both companies in trouble as well as those at the top of their game.
- Sales Rank: #2016365 in Books
- Published on: 1996-08-27
- Released on: 1996-08-27
- Original language: English
- Number of items: 1
- Dimensions: 1.02" h x 6.41" w x 9.55" l, 1.10 pounds
- Binding: Hardcover
- 289 pages
Amazon.com Review
Al Dunlap, whose corporate behavior has earned him nicknames like The Shredder, took over as CEO of Scott Paper when the venerable paper goods manufacturer was on the brink of death. His ultimately successful efforts at corporate resuscitation are recounted in his typically colorful and exhilarating manner in Mean Business: How I Save Bad Companies and Make Good Companies Great, written with Bob Andelman.
From Publishers Weekly
Company turnaround specialist Dunlap is termed by his critics "Rambo in Pinstripes" or "Chainsaw Al." Most recently notable for a 16-month stint at Scott Paper during which company stock rose 163% (Dunlop sold off non-core businesses and cut executive perks), he now heads the appliance maker Sunbeam. Dunlap scorns trendy management theories and considers downsizing not a bandwagon action but a response to a company's fundamental weaknesses. His formula appears deceptively simple: pick a good (and small) team, figure out what business you are in, concentrate only on that, cut costs and market your product well. He approaches boards in a similar fashion, arguing that all directors should buy stock when they join, be paid only in stock, serve no more than five years and never forget they work for the stockholders. Much of Dunlap's argument makes sense, and he is probably right when he says that he would not be hired if managers had done their jobs right. But, having made his reputation now, he'd do well to take the chip off his shoulder and stop positioning himself as "A Nothing Kid from Hoboken" who takes cheap shots at Harvard M.B.A.s. Author tour.
Copyright 1996 Reed Business Information, Inc.
Review
Allan Sloan Newsweek He's been fixing troubled businesses for more than twenty years. Dunlap's strength is being able to look at troubled companies objectively.
Patricia Holt San Francisco Chronicle His outspokenness is refreshing...workers and shareholders alike will applaud his approach to high-salaried CEOs whose companies are crumbling.
Barbara Sullivan Chicago Tribune Hate him or love him, this is a fascinating book.
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