Talk about timing. As the economy tanked, Ellen Kullman, long on the short list of possible chiefs at DuPont, became president on Oct. 1, 2008, and CEO a few months later. As the chemical company’s sales fell, Kullman had to decide what should and shouldn’t change. Organizing the company to respond to these trends, Kullman decided on four principles:
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Only a small fraction of U.S. corporations reach the ripe age of 40, a recent study claims. Do you have what it takes to guide your business to old age? Businesses that do survive are likely to be ruthless about change and make frequent acquisitions that bring in new technologies or open up new markets.
The 100-plus senior managers who attend the annual meeting of nationwide retirement community firm Aegis Living talk about everything except business. Instead, they listen to inspirational speakers and celebrities, whose identities are not revealed until the guests are introduced.