NEW YORK, May 4, 2007 (PRIME NEWSWIRE) -- This week's Wall Street Journal Weekend Edition centerpiece will focus on the new, post-revolutionary generation of power in corporate America. The week's Weekend Edition will be available via home delivery and newsstands on May 5-6.
Mark Hurd chief executive of HP, Martin Sullivan, chief executive of American International Group, and James McNerney, chief executive of Boeing Co. represent a new sort of CEO that seems to be emerging following the firings of their predecessors. All three have to chosen to operate closer to the ground, making sure the strategies they inherited are working. They shy away from top level strategy discussions and emphasize the importance of transparency.
"The firings of Carly Fiorina, Hank Greenberg, and Harry Stonecipher were the leading edge of a spate of CEO sackings, and harbingers of one of the most profound periods of corporate change since the 1930s. It was the end of the old world," writes Alan Murray, the Journal's assistant managing editor in this Saturday's Weekend Edition. "The firings reflected changes that had been put into place after the meltdown of Enron, Worldcom and other scandal-plagued companies. But they also provoked further change, by signaling to CEOs that they had to change their act."
Additional stories appearing in this week's Weekend Edition of the Wall Street Journal include:
Money & Investing: * Small Business Credit Cards: Credit card companies are aggressively marketing "small business" cards to even the tiniest businesses. The Journal explains what these cards are good for. * Divorce: The Journal looks at new financial obstacles that divorced couples face -- from an increase in IRS audits, to overlooking the mysterious "QDRO" form -- and provides tips to avoid the myriad financial-planning pitfalls of a separation. Pursuits: * Classical Music: In the face of nearly universal opposition by classical musicians to digital-performance technology, one conductor is taking a counterintuitive stance: that embracing the technology is actually the best hope for the art form's survival. * Hotel Developers Try to Entice Tourists: Hotel developers are trying to keep tourists -- and their dollars -- on properties for longer by expanding and opening new indoor climate-controlled complexes complete with waterparks.
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The Wall Street Journal, the flagship publication of Dow Jones & Company (NYSE:DJ) (www.dowjones.com), is the world's leading business publication. Founded in 1889, The Wall Street Journal has a print and online circulation of nearly 2.1 million, reaching the nation's top business and political leaders, as well as investors across the country. Holding 31 Pulitzer Prizes for outstanding journalism, The Wall Street Journal provides readers with trusted information and knowledge to make better decisions. The Wall Street Journal print franchise has more than 600 journalists world-wide, part of the Dow Jones network of nearly 1,800 business and financial news staff. Other publications that are part of The Wall Street Journal franchise, with total circulation of 2.6 million, include The Wall Street Journal Asia, The Wall Street Journal Europe and The Wall Street Journal Online at WSJ.com, the largest paid subscription news site on the Web. In 2006, the Journal was ranked No. 1 in BtoB's Media Power 50 for the seventh consecutive year.
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Editor's Note: WSJ reporters are available to discuss these topics.