Investopedia

Continue to Site »

C. Steven McMillan

Filed Under » ,
Dictionary Says

Definition of 'C. Steven McMillan'

A former CEO of Sara Lee from 2000 to 2005. Sara Lee sells frozen and packaged foods, including baked goods, beverages and meat, along with household products such as body care, shoe care, insecticides and detergents. McMillan took over at a time when the company was struggling, and under his executive leadership, he worked to streamline the company's 200-plus brands. Nonetheless, the company's revenue and operating income declined as the company faced competition from low-cost imports and inexpensive store brands.
Investopedia Says

Investopedia explains 'C. Steven McMillan'

Another setback McMillan experienced was the result of his decision to acquire the baked-goods company EarthGrains. The move was unpopular with investors because they were unhappy with the price paid for the company and because anticipated gains from the decision never materialized. He was also the subject of a sexual discrimination lawsuit in 2004.

McMillan was born in 1946 and earned an MBA with honors from Harvard Business School. In addition to Sara Lee, he has been a board member with Aero Toy Store, Inc., Bank of America, Monsanto, Electrolux, Illinova and Pharmacia & Upjohn.

Articles Of Interest

  1.

    Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!

  2. Get Tough On Management Puff

    Company managers are often skilled at fooling investors. Be critical and don't believe the hype.

  3. Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.

  4. Evaluating The Board Of Directors

    Corporate structure can tell you a lot about a company's potential. Learn more here.

  5. The Path To Becoming A CEO

    Think you have what it takes to be chief executive? Find out what those at the top have in common.

  6. Thomas Rowe Price: Always Right

    This great investor mastered a new type of investing with every new market he faced.

  7. Members Of Congress With The Highest Net Worth

    Members of Congress make much more than the average American citizen. Here are the four wealthiest congressmen.

  8. 5 Most Publicized Ethics Violations by CEOs

    High-profile downfalls of corporate CEOs are not a new phenomenon. Here are five of the most public and egregious CEO ethics failures.

  9. Is A One Million Dollar Nonprofit CEO Salary As Bad As It Sounds?

    Although seven-figure salaries for CEOs of nonprofit organizations may make most cringe, might there ever be a time when it can be justified?

  10. 4 Top Reasons Why Companies Hire New CEOs

    Here are the top reasons why companies look for new CEOs.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center