Henry Schacht
Henry Schacht
Henry Schachtis an American businessman, a former chairman and chief executive officer of Cummins Diesel, and later CEO of Lucent Technologies...
additional associated business charges company continue cost fiscal focus internal moves processes provider result review service single structure throughout year
Lucent will continue to review its internal processes throughout fiscal year 2001, which may result in additional cost structure improvements and associated business restructuring charges as it moves from a multi-divisional company to one with a single focus on the service provider market,
expense fiscal half levels reduced rest second year
It will take the rest of fiscal 2001 to get back on track, ... In the second half of the year the significantly reduced expense levels will take hold.
company faster grow track tried
Lucent got off track because we tried to grow our company faster than, in hindsight, we were able to,
confusing customers seeing time
This is a very confusing time because all of our customers are seeing 15- to 20-percent cuts,