Linked by Thomas Hormby on Wed 17th Nov 2004 19:43 UTC
According to many economists, Gilbert Amelio is the savior of businesses in trouble. With this in mind, the board of directors at Apple decided to appoint Gil Amelio to the board after reporting another huge loss in 1994. At the time, Michael Spindler was the head of Apple, and sales in every division. The board accepted Spindler's resignation and appointed Gil Amelio to the helm of Apple.
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Both were statements of others opinions, not my own. Here are the sources that I used that mention Amelio at NatSem:
http://www.erik.co.uk/applesun/news_ceo.html
Like Spindler, Amelio comes with his detractors. A former National executive said, "When [Amelio] came to National he set down rules and imposed them without emotion. He said, 'If you can't do the job to the metrics, I'll find someone else.' "
http://www.businessweek.com/1996/09/b346456.htm
``GETS WINDED.'' The question now is whether Amelio, 52, will be worth the investment. Having turned around Rockwell Corp.'s communications unit and resuscitated National Semiconductor Corp., he clearly knows how to make an impact. At Apple, he has already nixed the quarterly dividend and moved to squelch takeover rumors.
Over the long haul, though, Amelio's track record is troubling. National Semiconductor's stock has seriously underperformed the S&P since last May, according to Crystal. ``He's Mr. Bell-Shaped Curve,'' Crystal says. ``He's good at the 10-yard dash, but tends to get winded.'' Given Apple's problems, the board had better hope Amelio has developed some stamina.
Both were statements of others opinions, not my own. Here are the sources that I used that mention Amelio at NatSem:
http://www.erik.co.uk/applesun/news_ceo.html
Like Spindler, Amelio comes with his detractors. A former National executive said, "When [Amelio] came to National he set down rules and imposed them without emotion. He said, 'If you can't do the job to the metrics, I'll find someone else.' "
http://www.businessweek.com/1996/09/b346456.htm
``GETS WINDED.'' The question now is whether Amelio, 52, will be worth the investment. Having turned around Rockwell Corp.'s communications unit and resuscitated National Semiconductor Corp., he clearly knows how to make an impact. At Apple, he has already nixed the quarterly dividend and moved to squelch takeover rumors.
Over the long haul, though, Amelio's track record is troubling. National Semiconductor's stock has seriously underperformed the S&P since last May, according to Crystal. ``He's Mr. Bell-Shaped Curve,'' Crystal says. ``He's good at the 10-yard dash, but tends to get winded.'' Given Apple's problems, the board had better hope Amelio has developed some stamina.