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The decline of the baronial CEO

Changes in corporate leadership are recasting the very idea of industry in US

Nelson D Schwartz | NYT 

They bestrode the business world, or at least the suburban corporate campus, like a colossus. Sitting behind burnished wooden desks, in glass-walled corner offices like the one Jeffrey R Immelt occupied at General Electric’s former headquarters here in Fairfield, Connecticut, a select group of American chief executives were once more akin to statesmen than businessmen. GE moved out of this sprawling Skidmore, Owings & Merrill-designed emblem of 1970s corporate modernism in favour of smaller, humbler digs in downtown Boston last year. And last week, Mr. Immelt unexpectedly ...

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First Published: Sun, June 18 2017. 22:38 IST