1. The Sunbeam Corporation and "Chainsaw Al-
... around companies in seventeen states, on three continents. In July of 1996, Michael Price and Michael Steinhardt hired Al Dunlap as the CEO and chairman of the board for the Sunbeam Corporation. By hiring "Chainsaw Al,"" they knew full well that his operating theory would mean huge cuts in all areas ... led the board members to find that sales were considerably below Dunlap's forecast, and in fact, the company was in crisis! These revelations forced the board members to call their own meeting, unbeknownst to Dunlap, in which it was unanimously decided that Dunlap had to go. The board then...
- Word Count: 2011
- Approx Pages: 8
- Grade Level: High School