But the company hopes each chief executive will run a tighter, more focused business that will be better able to control costs.

Although the government is still the sole shareholder, the new structure allows executives to run the company more like a private business.

And the riskier the business an executive runs, the more conservative he or she tends to be in making outside investments.

Under its terms, his top executives would also run the takeover company, and he might even retain office space in its main plant.

But it is not at all clear whether the executives in these instances ran afoul of those rules.

All the executives ran companies that were investment banking clients of Salomon.

If the chief executive is running the business properly, and the stock still won't budge, how can he be blamed for that?

But in their race to do something, corporate executives are running into a wall of skepticism from investors.

Executive search firms say high-level European executives run into few technical difficulties in moving around.

Currently three high ranking executives are running the business.