Table: Wendt's Plan to Rescue Conseco
PAY DOWN DEBT
$2.1 billion worth of debt was trimmed in 12 months; Wendt wants to chop $3.5 billion more by 2003.
His goal of 25% to 45% annual earnings growth could be tough to meet as the economy slows.
The former Green Tree Financial Group unit is issuing fewer loans, but its low-income customers remain vulnerable.
FOCUS ON INSURANCE
Wendt has to increase profitability in insurance, which was neglected by former management.
QUALITY, QUALITY, QUALITY
He expects the Six Sigma efficiency process to save Conseco $100 million.