Bridgestone/Firestone Corrects and Replaces First Paragraph from Release Issued Dec. 16, 1999.--(BUSINESS WIRE)--Dec. 17, 1999-- NASHVILLE Nashville, city (1990 pop. 487,969), state capital, coextensive with Davidson co., central Tenn., on the Cumberland River, in a fertile farm area; inc. as a city 1806, merged with Davidson co. 1963. , Tenn.--(AUTOMOTIVE WIRE)--Dec. 17, 1999--The following paragraph corrects and replaces the first paragraph from BW1706, (TN-BRIDGESTONE/FIRESTONE) which ran on Business Wire Dec. 16, 1999. Bridgestone/Firestone Chairman and Chief Executive Officer Masatoshi Ono Ono (ō`nō), in the Bible, town, W central ancient Palestine, the modern Qiryat Ono, Israel, E of Tel Aviv. has been named "Executive of the Year" by Rubber and Plastics News, the rubber industry's international newspaper. In announcing the prestigious award in the December 13 issue, the paper credits Ono with substantially increasing the company's sales and net profits. Net profits rose from from $5 million in 1993 - the year he became CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. - to a record $285 million, with sales of $7.4 billion in 1998. However, the tremendous economic turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. under Ono's leadership was not the only achievement cited by Rubber and Plastics News. |
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