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Landlords vs. the Inquisition, the species nobody knows, unsung CEOs, and other matters. CHAIRMAN WHO?
(FORTUNE Magazine) – You will recall that we started off the year with a socko list of the ten ''most notorious'' businesspersons, notoriety being operationally defined as the number of news stories and articles residing in the mighty Nexis database and mentioning these characters in 1991. All ten of our tycoons turned out to be four-digit notorions, each having attained well over 1,000 citations. Alas, and incredibly, we forgot to check on Charles F. Keating of S&L infamy, who had 2,784 and should have appeared in third place. The revised list: Robert Maxwell, Donald Trump, Keating, Lee Iacocca, Rupert Murdoch, Michael Milken, Ted Turner, Carl Icahn, Clark Clifford, and Warren Buffett. What is one to make of this list? The first thing one notes is that your chance of attaining four-digit status was materially advanced if you got involved in a scandal, had a flashy girlfriend, or evidenced a potential for drowning in debt and/or the Atlantic. Since compiling the list above, we have been looking at the Nexis records of certain excessively square businesspersons manifestly unable to compete in this league. Here, in no particular order and accompanied by their paltry two- and three-digit citations, are ten of them: (1) Dennis Weatherstone, CEO of J.P. Morgan, the classiest commercial banking company in the land -- 90. (2) Gerald D. Hines, America's most active real estate developer and one of the few who have stayed profitable -- 82. (3) Roy Vagelos, CEO of Merck, which led FORTUNE's latest list of ''most admired corporations'' -- 148. (4) Walter $ Williams of Rubbermaid, which was second on the list -- 35. (5) Edwin Artzt of Procter & Gamble, third on the most admired list -- 167. (6) Ronald Allen of Delta Air Lines, which reported the highest return on sales, assets, and stockholders' equity of any major airline -- 149. (7) Michael Quinlan of McDonald's, with the highest profit margins on FORTUNE's list of the 50 largest retailers -- 53. (8) Sam Walton, spiritual leader of Wal-Mart, our most successful merchandiser -- 221. (9) David Glass, CEO of Wal-Mart -- 86. (10) Bill Gates of Microsoft, still a big winner in the troubled personal computer business -- 262. Maybe they need new girlfriends. |
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