Al Dunlap Revs His Chain Saw

Al Dunlap Revs His Chain Saw

The massive overhaul of Sunbeam Corp. announced on November 12 has been eagerly awaited since the self-proclaimed turnaround artist, Chairman and CEO Albert J. Dunlap, took charge in July. The strategy is expected to produce annual savings of $225 million. To pay for the overhaul, the company will t...

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Veröffentlicht in:Bloomberg businessweek (Online) 1996-11 (3503), p.37
1. Verfasser: DeGeorge, Gail
Format: Magazinearticle
Sprache:eng
Schlagworte:
Appliance industry
Case studies
Chief executive officers
Cost control
Dunlap, Albert J
Layoffs
Reorganization
Turnaround management
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description The massive overhaul of Sunbeam Corp. announced on November 12 has been eagerly awaited since the self-proclaimed turnaround artist, Chairman and CEO Albert J. Dunlap, took charge in July. The strategy is expected to produce annual savings of $225 million. To pay for the overhaul, the company will take a $300 million pretax restructuring charge this year. Dunlap also has laid out ambitious growth goals for Sunbeam, which call for doubling revenues to $2 billion, raising operating profit margins to 20% from 2.5% currently, launching at least 30 new products a year, and increasing international sales to $600 million - all within the next 3 years.
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source EZB-FREE-00999 freely available EZB journals; EBSCOhost Business Source Complete
subjects Appliance industry
Case studies
Chief executive officers
Cost control
Dunlap, Albert J
Layoffs
Reorganization
Turnaround management
title Al Dunlap Revs His Chain Saw
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