Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Attention, Kmart President


In Business This Week

ATTENTION, KMART PRESIDENT

JOSEPH ANTONINI'S DAYS AT Kmart may be numbered. The retailer's board on Jan. 17 stripped Antonini of his chairman's post, naming outside director Donald Perkins to the job. Although Antonini retains the titles of president and CEO, his credibility is waning, say outsiders. "The handwriting is on the wall," says a headhunter. How could he keep his job? Produce quick gains in the retailer's sagging profits. "There has not yet been a turnaround engineered," says Jim Severance, portfolio manager for Wisconsin's state investment board and organizer of a shareholder revolt last June. Severance hopes for improvements by June.EDITED BY KEITH H. HAMMONDS


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus