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Ella Koscik, the chief executive of Management Decisions Inc., a consulting and staffing firm in Norcross, Ga., bought control of the company from a former business partner in 1994.
EVEN in 1992, after Linda Wachner had engineered the leveraged buyout of Warnaco Inc., a sedate maker of intimate apparel, and turned it into a cash machine, taken it public and become a darling of investors, stock analysts and financial writers, few mistook her for the model executive of management textbooks.
Nearly 20% of the 3,000 largest publicly traded companies in the U.S. change their CEO or CFO in a typical year, and the chance to put a big name in the C-suite is alluring to corporate boards, says Renny Ponvert, the founder and chief executive of Management CV, a firm that analyzes management teams and executive changes for a client base of institutional investors.
And the Justice Department report prompts another question: Why did Attorney General John Ashcroft pick an executive of Management and Training, Lane McCotter, to lead a mission to Iraq to restore its prisons only a month after the report was released in the spring of 2003, charging unconstitutional practices in the jail?
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These alternative doctorates are supposed to "add dimension to a student's professional life," said John D. Aram, director of the executive doctor of management program at the Weatherhead School of Executive Management at Case Western Reserve in Cleveland.
Among the highest ranking in that specialty is Mary C. Erdoes, who is chief executive of asset management at JPMorgan Chase, a role that includes wealth management.
Tired of his long commute, Tom Drury, chief executive of waste management firm Shanks Group, resigned to take a job nearer home.
William Rudin, the chief executive of Rudin Management, said, "Fred's reputation in the real-estate community is top tier.
Mr. Paton, the chief executive of the management company Digital First Media Group, had his subsidiary, the Journal Register Company, file for bankruptcy protection last Wednesday.
"There is this perception that dogs us, and it's getting quite frustrating," said Ted Truscott, Ameriprise's chief executive of asset management.
Laurence Gluck, chief executive of Stellar Management, faces foreclosure on Riverton Houses, the middle-class housing complex in Harlem that he bought in 2005.
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