Description
Business Week Magazine December 9, 1996 Chairman Louis V. Gerstner Jr. VG
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Cover Story
154 IBM: GROWTH COMPANY
It’s getting hard to remember the days when IBM was regarded as a national disaster. The computer giant is raking in new business, its stock is roaring, and it’s winning back the respect of Corporate America. What’s Lou Gerstner’s secret?
162 THE ART OF THE SPIEL
How Gerstner wooed the banks.
News: Analysis & Commentary
36 THE DOW’S INCREDIBLE RIDE
Not one of the experts predicted a market surge of this sort. Anyone care to guess what’s next?
38 LARRY SAYS RELAX. HE SHOULD KNOW
The influential new Fed governor sees no recession and modest growth.
39 IT’S NOT SUCH A WONDERFUL LIFE
Retailers face a cold fact: Christmas isn’t what it used to be.
40 A CAR POWERED BY STAR POWER
Can any amount of Hollywood hoopla sell General Motors’ electric EV1?
41 COMMENTARY
How to deflate the air-bag crisis: With better education and “smarter” bags.
42 KESSLER IS GONE. HIS FDA ISN’T
Why the outgoing regulator’s assault on Big Tobacco and FDA reform will go forward.
44 SEXUAL HARASSMENT AT McKINSEY?
Facing its first such suit ever, the white-shoe management consulting firm heads for court in Texas.
46 CLOSING THE SPIN-OFF LOOPHOLE
A bipartisan push may finally end a corporate tax break.
48 HEROIN ADDICTION: A MAGIC BULLET?
CITA’s opiate detoxification seems to produce lasting results.
49 IN BUSINESS THIS WEEK
VW-GM, Chiron, Bell Atlantic, Visa vs. AmEx, Borland’s Delbert Yocam, a PC-TV digital standard, Ann Taylor.
International Business
54 TRADE
Towering deficits are eroding U.S. support for NAFTA and could doom future free-trade pacts.
