Chainsaw Al Part 1

He anointed himself America's best CEO. But Al Dunlap drove Sunbeam into the ground

Early on the morning of June 13, 1998, the outside directors of Sunbeam Corp. made their way through the empty streets of Manhattan to Rockefeller Center. It was a Saturday, and angry thunderstorms drenched the sidewalks, as if the gods of Wall Street were outraged that the directors would dare meet secretly, behind the broad back of the company's celebrated chief executive, Albert J. Dunlap. After all, he was the no-nonsense executive famous for turning around struggling companies--and sending their shares soaring in the process.

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