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Increased salaries and juicy share options were irresistible incentives for directors and senior executives of building societies to push for conversion.
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30 YEARS AGO IN FORBES/JANUARY 1, 1970 Big Talker Edwin Land, Polaroid's chief executive, talks of building a camera so small that one could carry it like a key case.
Within the next two to three years Earthlink's antennas could be upgraded at minimal cost to speeds of 5 to 10 megabits a second, says Donald Berryman, the Earthlink executive in charge of building the networks.
The Betamax-VHS war taught a generation of executives about the importance of building industry-wide support for a new technology.
Mr. Silverstein has continued to pay rent at the trade center and has vowed to rebuild the 10-million-square-foot complex, although some real estate executives question the wisdom of building so much speculative office space when vacancy rates are so high downtown.
Carl Kuehner, president and chief executive of Building and Land Technologies, and his brother Paul, the chief financial officer, are on the verge of completing their 1.45 million-square-foot, 20-acre commercial-residential campus.
One of the attractions of New Look was that its chief executive, Anders Kristiansen, has a background of building retail businesses in China and has already opened more than 30 New Look stores there.
The association's chief executive, Pauline Vamos, emphasised the importance of "building consensus among policymakers and the Australian people" to ensure the sustainability and success of the system.
However, Peter Hill, chief executive of Leeds building society, says that if swap rates continue to rise, particularly for longer terms, "the good news is that this may provide savers with the opportunity to lock into some positive returns".
Small but growing numbers of executives are building careers as itinerant managers, moving from one senior-level assignment to the next.
Mr. Andersson's biggest worry about companies without engaged owners is that they fall victim to the tyranny of short-term stock-market expectations or the self-interest of their executives, rather than building for the future.
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