Charles Holliday
Charles Holliday
Charles Otis "Chad" Holliday, Jr., is an American businessman, former chairman of Bank of America and former chairman, former chief executive officer and a former director of E. I. du Pont de Nemours and Company. He is chairman emeritus of the U.S. Council on Competitiveness and chairman of the Business Roundtable's Task Force for Environment, Technology and Economy. Holliday is also a founding member of the International Business Council and serves on the board of advisors of the Nicholas Institute...
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Our view of the global economy suggests several more quarters of low volume growth and continued price pressure, ... Lower raw material costs and more favorable currency comparison. combined with results from our productivity focus should all contribute to our ability to weather this cycle more favorably than in the past.
across capacity conditions continued customers delay demand draw economic equal existing expanding forced global levels parts purchasing recession south until weak
The global economic slowdown that has forced U.S. manufacturing capacity utilization to levels equal to the 1982 recession is now expanding to Europe, South America, and parts of Asia, ... Demand is correspondingly weak across all markets, and our customers have continued to draw down existing inventories or delay purchasing until conditions improve.
affected chemicals customers demand economic industries reduced
Industries important to many of our customers -- electronics, automotive, textiles and chemicals -- have been particularly affected by the economic downturn, ... This has temporarily reduced fundamental demand for our products.
achieve actions decision enable goal hardest jobs leaders losing people rapidly result taking
Taking actions that result in people losing their jobs is the hardest decision we as leaders will ever have to make, ... these actions will enable us to more rapidly achieve our goal of sustainable growth.
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We expect the challenges we faced in the second quarter to continue, exacerbated by slowing volumes from the growing effects of the General Motors strike and the Asian financial crisis.
career company direction helped importance jefferson leadership places shape taking throughout
Ed Jefferson exemplified the importance our company places on science. His leadership and insights throughout his career at DuPont helped shape the direction our company is taking today.
actions base business crop difficult enable necessary parts protection provide stronger support
These difficult but necessary actions will enable the crop protection business to provide an even stronger base in support of the other parts of our agricultural enterprise.
actions begun earnings improve putting quarter specific
Our earnings this quarter are unacceptable and I have begun putting in place specific actions to improve second-half performance.
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Business conditions in the first half have been some of the most difficult that we have experienced in recent years,
becoming cyclical growth key less life sciences strategy
Accelerating the growth in life sciences is key to our strategy to becoming a faster-growing, more profitable, less cyclical company,
company operate
A company can operate successfully for 200 years only by continually reinventing itself,
action commitment enhance great reflection reinvest time
It's a great time to reinvest in our company, ... This action is yet another reflection of our commitment to enhance shareholder value.
call cell early exactly imagine phones technology telephone
This is very early in this industry, ... It's like that first telephone call -- try to imagine the cell phones (of) today. We don't know exactly how it will play out, but we know the technology is powerful.
although began businesses industry markets polyester remain volume
Although the polyester industry and U.S. agriculture markets remain weak, most of our other businesses began to see some volume improvement,