The Shredder

Did CEO Dunlap save Scott Paper-or just pretty it up?

Albert J. Dunlap had just completed the biggest deal of his life. On Dec. 12, Scott Paper Co. shareholders approved his $9.4 billion merger with Kimberly-Clark Corp. amid cheers at Florida's luxurious Boca Raton Resort & Club. "It was almost like a rock concert," says "Chainsaw Al," as he is known to detractors and friends alike. Rather than pop the cork on a bottle of champagne, however, Dunlap went home to his wife, Judy, for what he describes as a "quiet and pensive" evening. "It was a bit of an empty feeling for me," he says. "There was this hollowness there. It was like part of me was gone."

To continue reading this article you must be a Bloomberg Professional Service Subscriber.