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What color is your CEO's parachute?

Stanley and Dean Witter in 1997, Purcell angled himself into the CEO role and ruled like a corporate version of Kim Jong Il, obstinately pursuing a failing synergy strategy as the company lagged and fell behind its rivals. Rather than admit a mistake and change course, Purcell instead engaged in inside power politics stonewalling his critics, stroking his board cronies and pushing all opposition ......

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Source:wistechnology.com By Tony DiRomualdo 02/06/06


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