How To Lose Friends And Influence No OneGeoffrey Smith
As corner-office firings go, the ouster of Sunbeam-Oster Chairman Paul B. Kazarian would have been swifter only if the directors had used a guillotine. In late December, the board rewarded him for turning in strong financial results by giving him a hefty bonus on top of his $1.75 million annual pay. Then, on Jan. 9, Director Peter A. Langerman flew to Chicago, where Kazarian was at a consumer-products trade show. At 11 p.m., Langerman went to Kazarian's hotel room and told him the board had voted him out earlier in the day.
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