Consulting Alert: No IPO Means CEO Must Go.Business Editors ATLANTA--(BUSINESS WIRE)--March 15, 2001 Arthur D. Little's Lamadrid departs when consultant can't go public Failure to take the Arthur D. Little Arthur D. Little, Inc. is the world's first management consulting firm. Founded in 1886 by Arthur Dehon Little, an MIT chemist who discovered acetate, and co-worker Roger Griffin, in Cambridge, Massachusetts, Arthur D. Little pioneered the concept of contracted technology research. consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a public helped ensure the termination of 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. Lorenzo Lamadrid, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the March 15 edition of Consulting Alert (http://www.straffordpub.com/products/can/index.html). Lamadrid had hoped to take Arthur D. Little's technology and media consulting businesses public, raise $150 million and pay off $75 million in debt, Consulting Alert reported. However, Wall Street has punished pun·ish v. pun·ished, pun·ish·ing, pun·ish·es v.tr. 1. To subject to a penalty for an offense, sin, or fault. 2. To inflict a penalty for (an offense). 3. consulting stocks lately, and that sealed the proposed initial public offering's fate. For a free sample copy of the current edition of Consulting Alert, which includes this story, just click ca-sample-a@straffordpub.com. Hired two years ago, Lamadrid was unsuccessful in executing the firm's business plan of becoming a leading information technology consultant. Arthur D. Little instead was losing clients and key staff, Consulting Alert said. To read more from the Arthur D. Little story and the latest Consulting Alert headlines, go to http://www.straffordpub.com/headlines/consulting.html. Consulting Alert, a twice-monthly newsletter, is the leading independent briefing on news and competitive intelligence for the management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects profession. It is published by Atlanta-based Strafford Publications, Inc. (http://www.straffordpub.com). Strafford also publishes Public Accounting Report, the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae independent news source for the accounting profession, as well as 14 other newsletters for the accounting, legal and corporate security professions. Consulting Alert (http://www.straffordpub.com/products/can/index.html) is available for a limited time at the discount rate of $247 - a $50 savings off the regular price of $297. Orders should be directed to: Strafford Publications, Inc., 590 Dutch Valley Road, NE, Postal Drawer 13729, Atlanta, GA 30324-0729; Phone: 800-926-7926; Fax: 404-881-0074; E-mail: custserv@straffordpub.com; Website: http://www.straffordpub.com. |
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