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Business
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Number of pages / Number of words: |
10 / 2662 |
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As CEO, Vance Coffman struggled through obstacles and problems that may have crippled other companies and drowned other executives, but this man's strength of character did not fail him or the company he represented. Coffman became CEO of Lockheed Martin in 1998 and by the end of the year 1999, Lockheed Martin had to cut about eight thousand jobs...
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Coffman became CEO of Lockheed Martin in 1998 and by the end of the year 1999, Lockheed Martin had to cut about eight thousand jobs. The rumors naturally flew that Coffman was in the hot seat and about to lose his position with the company. That same year, stock value declined 55 percent, and the company was $11 billion is debt; Coffman was responsible to the Pentagon for explaining the company's failures...
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