2 TOP XEROX EXEC’s PASS AWAY

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2 TOP XEROX EXEC’s PASS AWAY

 user 2006-12-26 at 4:03:00 pm Views: 82
  • #16864

    McColough, former top Xerox exec, dies at 84
    Recalled
    as ‘giant in business,’ sales soared under his leadership C. Peter
    McColough, the executive who led Xerox Corp. through more than a decade
    of dramatic growth and sometimes turbulent change, was remembered
    Monday as a man who helped turn the company into an international
    giant.Mr. McColough, 84, died Wednesday in Rye Brook, Westchester
    County. The cause was cardiac arrest after a long illness, said his
    son, Andrew McColough.”I know I speak for the entire Xerox family when
    I say how deeply saddened we all are to hear of Peter’s passing,” said
    Anne M. Mulcahy, the current chairwoman and chief executive officer.
    “He led our company through a period of explosive growth and global
    expansion. Perhaps more importantly, he took the values of our founder
    and deeply embedded them in our culture.”He was a giant in business and
    politics, a citizen of the world and a deeply committed family man.”As
    the hand-picked successor of Xerox founder Joseph C. Wilson, Mr.
    McColough served as chief executive from 1968 until retiring in 1982.
    He took the title of chairman in 1971 after Wilson’s death.During Mr.
    McColough’s tenure as CEO, Xerox sales soared almost tenfold, from $896
    million to more than $8.7 billion. The stock price peaked at more than
    $171 a share in 1973.He also moved corporate headquarters from Xerox’s
    Rochester birthplace to Stamford, Conn. The move brought the
    headquarters closer to the New York City financial community and saved
    money because of lower Connecticut taxes.He is credited with expanding
    Xerox’s sales force and global reach. He also saw the need for Xerox to
    adapt to the age of computers and change to battle competition from
    overseas manufacturers. One result of that vision: Xerox’s famed Palo
    Alto Research Center in California.Before ascending to the top spot in
    the company, he helped create the pricing strategy that made Xerox
    copiers marketable. His marketing team decided to lease the expensive
    machines and charge customers based on how much they copied.Charles
    Ellis, author of a recent biography of Wilson, interviewed Mr.
    McColough for the book. “He was a delightful person and fun to be
    with,” Ellis said.The author gave Mr. McColough credit for helping
    build Xerox’s sales team into an international force. However, Mr.
    McColough also faced many challenges that put pressure on Xerox.
    Competitors ate away at the company’s once-dominant market share, and
    many of the research center’s inventions ended up being popularized by
    other companies.A merger with Scientific Data Systems, designed to help
    bring Xerox into the digital age, lost more than $500 million for the
    company after the $1.5 billion acquisition.Mr. McColough was succeeded
    as CEO by David T. Kearns. In his 1992 book, Prophets in the Dark,
    Kearns called Mr. McColough a “broad thinker willing to take risks ….
    His talent was in getting others to think and do.”Charles Peter
    McColough was born Aug. 1, 1922, in Halifax, Nova Scotia. He served as
    an airman with the British navy in World War II. He then received a law
    degree from Dalhousie University in Halifax and a master’s in business
    from Harvard University.He joined what was then Haloid Co. in 1954 and
    rose quickly through the ranks.Mr. McColough also became a prominent
    philanthropist, serving as chairman of the United Way of America. He
    held posts on a variety of other corporate boards.Mr. McColough served
    nearly two years as treasurer of the Democratic National Committee and
    actively worked in several presidential campaigns.Despite his hectic
    life, Mr. McColough was dedicated to his family, his son said. He was
    also open about the challenges and growth at Xerox, and dinnertime
    conversation often turned to business, Andrew McColough said.”We just
    had some incredible family experiences. He was very much a family
    man.”Often the family world and Mr. McColough’s public life
    intertwined. Andrew McColough remembers his father asking him to take
    Sen. Henry M. Jackson, D-Wash., to the airport after a Jackson
    presidential fundraiser at the McColough home.”Here I am, this
    17-year-old kid with long hair, driving Scoop Jackson to LaGuardia in
    the Country Squire wagon.” Andrew McColough said. “Talk about
    dichotomy.”In addition to Andrew, Mr. McColough is survived by his wife
    of 53 years, Virginia; son Ian and daughter Virginia Keeshan; a sister,
    Patricia Wallace; and seven grandchildren. Two children, Peter Charles
    and Robert, preceded him in death.

    David Curtin, ad executive at Xerox, is dead
    Xerox
    Corp. lost another well-known executive last week.David Curtin, 85, the
    company’s longtime public relations director, died Thursday.Curtin
    worked at Xerox for 26 years, beginning in 1957 as assistant to the
    president. He was named public relations director in 1963 and retired
    in 1982 as vice president of corporate programs.Before joining Xerox,
    Curtin served as a news and sports broadcaster for several Rochester
    radio stations, which included doing play-by-play of Red Wings baseball
    games. He also worked in advertising for Genesee Brewing Co.He was a
    graduate of Aquinas Institute and the University of Notre Dame, and was
    a World War II veteran.When Curtin retired, then-Xerox President David
    T. Kearns said he “developed for Xerox one of the finest public images
    of any major corporation anywhere.”Survivors include his wife, Nancy,
    three sons, a daughter and a stepdaughter.