Bossidy said the selection of Clark was the result of a long selection process.
Given Bossidy's training you might expect that the auto parts business would be up for sale.
Chairman Lawrence Bossidy summons 150 of his top managers to the company's Morristown, N.
Given his training you might expect that Bossidy would have the auto parts business up for sale.
Chairman Lawrence Bossidy summons 150 of his top managers to the company's New Jersey headquarters for a review.
Bossidy knows the weakness of his car parts business is an overdependence on selling original equipment to carmakers.
But it is a prejudice that Mr Bossidy and particularly Mr Bonsignore will always have to fight against.
On the company jet en route to another appointment, one of Bossidy's senior vice presidents called ahead for help.
Lawrence Bossidy , a former Honeywell executive, will chair a new executive committee.
Bossidy has plenty of work to do cleaning up an inefficient distribution network.
Since moving to head Allied in 1991, Bossidy has behaved very Welch- like.
Bossidy is fully aware that the drag from the remaining automotive businesses is what puts the curse on his stock.
The auto parts group is now 65% aftermarket, but Bossidy wants to see that percentage grow to 80%by the year 2000.
That's a tall order, and Bossidy isn't likely to accept many excuses.
Former CEO Lawrence Bossidy, who generally shunned the capital's political circuit, sometimes expressed outright disdain for politicians and the entire system of political giving.
In no mood to repeat that fiasco, Bossidy shut seven warehouses in the U.S. and moved some production from a brakes plant in Glinde, Germany to France.
Bossidy wants 11% operating margins, up from the current 5%.
In 2004, two years after leaving Honeywell, Mr. Bossidy told CNBC host Jim Cramer that campaign contributions by plaintiff's attorneys created "one of the biggest impediments" to business growth.
The merger is the last hurrah for Larry Bossidy, the growly boss of AlliedSignal, who is arguably America's second-most-admired industrial manager after his old boss, Jack Welch of General Electric.
Mr Bossidy stresses that Honeywell will expand its services.
As second-in-command under GE's Jack Welch in the 1980s, Bossidy played a big part in carrying out Welch's policy of dumping any business in which GE could not achieve either first or second place.
Michael Bonsignore, who will be chief executive of the new company and then succeed Mr Bossidy as chairman next year, has also won praise for the thoughtful way in which he has restructured Honeywell.
Bossidy's international strategy is also similar to Welch's.
This is the kind of story they tell about the man: In October 1996 Bossidy, rushing to get to a meeting, slipped and fell in a Paris hotel room, opening a gash in his arm.
As General Electric's second-in-command under Jack Welch in the 1980s, Bossidy played a big part in carrying out Welch's policy of dumping any business in which GE could not achieve either first or second place.
As he has done in aerospace, Bossidy wants more of his car parts business to be in the sale of replacement parts, a business where he is not at the mercy of the sharp-penciled carmakers.
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