Albert John Dunlap (born July 26‚ 1937) is a retired corporate executive. He was best known as a turnaround specialist and downsizer. The ruthless methods he employed to streamline ailing companies‚ most notably Scott Paper‚ won him the nicknames "Chainsaw Al" and "Rambo in Pinstripes". However‚ his reputation was ruined after he engineered a massive accounting scandal at Sunbeam-Oster. Dunlap believed that the primary goal of any business should be to make money for its shareholders. To that end
Premium Enron Accounting scandals Fraud
l “Chainsaw Al Dunlap”: A New Breed of Manager? West Point graduate Albert J. Dunlap‚ former chairman and CEO of Scott Paper Company‚ claims that the U.S. Military Academy made him “tenacious and very organized”. Others say his experience gave him an “inyour-face attitude rare among executives” and made him a valuable hired gun for straightening out troubled companies. Dunlap is known to attack and challenge nearly every premise and person that gets in his sight. Those who interfere with his efforts
Premium Stock Shareholder Stock market
1996-1997 compensation package‚ an evaluation of the 1998 compensation package‚ the decision to fire Al Dunlap‚ and the governance of the Board of Directors. SUNBEAM’S GOALS Sunbeam’s goals explicitly showed when they hired Al Dunlap July of 1996. Sunbeam struggled in the business world‚ and faced thick competition. They saw that they needed a big change if their company wanted to stay in business. Al Dunlap had a reputation for turning failing companies into prospering ones. They cared about
Premium Management Corporate governance Board of directors
socially destructive actions by corporations?Certainly not.A company is not an instrument of shareholders‚ but a coalition between various resource suppliers‚ with the intention of increasing their common wealth and hence is contradictory to Mr Al Dunlaps view of share holder primancy. Through out his tenure at Sunbeam‚Al Dunlap’s advocated profit by firing many employees and shutting down many factories.If we look at it in the short term ‚this approach seems very attractive as it brings in quick
Premium Stock market Stock
Corporation was not an exception from this concept. The events led by Albert Dunlap had an effect on many people. Most of which affected the basis of financial implications of shareholders wealth. Confident and Controlling Demeanor is a Result of Expectation During the case of the Sunbeam Corporation of the late 1990s‚ there was an individual who had an impact on many of the people involved in the company. Albert Dunlap had a straightforward approach to management. He wanted to do things his way
Premium Management Leadership Fiedler contingency model
Chainsaws are used by millions of people each year for all sorts of tasks. The most important thing that needs to be recognized is this piece of equipment is dangerous‚ just like other types of equipment being used outdoors. Precautions need to be taken to avoid injury to the operator and others who are there for support. There are many tips a homeowner should follow if they plan on purchasing a new chainsaw or may already own one. Be Prepared Before starting any task there are a few rules that
Premium Accident Safety Occupational safety and health
box and opened it. As i opened the box i noticed that there was a head of a person and a chainsaw. When i saw what it was i didn’t know what to do and was hoping that the person that did that to this guy was not on the beach and does the same to me. I started looking around and i saw a person in the distance. I went back to the bow and took the chainsaw out of the bow‚ but as i was trying to start the chainsaw
Premium Light English-language films Thought
CHAINSAW 1974 1) Which five forces are important in the chain saw industry and why? The five forces that that are important for an industry and companies involved are a) Competition b) Buyers c) Substitutes d) Suppliers and e) Compliments. The Chainsaw industry is segmented by customer bases namely professionals‚ farmer and casual users. These customer segments are differentiated by the cubic-inch displacements. Pro users require 4.5 or greater‚ farmers require 2.7 – 4.5 inches and casual users
Premium Roller chain Chainsaw Department store
John Fitzgerald "Jack" Kennedy (May 29‚ 1917 – November 22‚ 1963) was the 35th President of the United States‚ serving from 1961 until his death in 1963. After military service as commander of the Motor Torpedo Boats PT-109 and PT-59 during World War II‚ Kennedy represented Massachusetts’ 11th congressional district in the U.S. House of Representatives as a Democrat. Thereafter‚ he served in the U.S. Senate. Kennedy defeated Vice President and Republican candidate Richard Nixon in the 1960 U.S
Premium John F. Kennedy Cold War United States
By far‚ one of the best teachers I have ever had in all of my years of school‚ has been my eighth grade English teacher‚ Mrs. Dunlap. Before I had her class‚ I enjoyed English‚ and I enjoyed reading‚ but I still had struggles with it‚ and I was not that passionate about it. All of that changed‚ however‚ when Mrs. Dunlap was my English teacher. She was someone who truly cared about the subject that they taught- She was invested in every single piece of literature that she taught us‚ she explained
Premium High school Writing Education