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Chief executives set the tone for acceptable behavior in their companies, and though the majority are still on their first marriages, a growing minority have discovered serial monogamy.Eugene Jennings, a Michigan State University professor and an expert on managerial life, estimates that in the 1980s, 12% to 15% of CEOs have been divorced, vs. In the corporate world, as in much of the rest of society, it took the roaring Eighties to make divorce fully respectable.In some cases the man with the old, nice, matronly first wife is looked down on. and Linda Wachner of Warnaco, are both widows.) Powerful men are beginning to demand trophy wives.“The culture of self-indulgence has just crept up to the CEO level,” says Boston psychologist Harry Levinson, a longtime counselor to top management.Steinberg discovered that he could offer computer leases that would undercut IBM's prices and still obtain bank financing for the entire purchase price of the computers by using the signed leases as collateral with lenders.Leasco bid to acquire Reliance Insurance Company, a Philadelphia insurance company 10 times the size of Leasco. He started a computer leasing company (Leasco), which he used in an audacious and successful takeover of the much larger Reliance Insurance Company in 1968.
Any ambitious manager with the top job in his sights used to know better than to ruin his chances with an untimely divorce.
From the Duke of Windsor to William Agee, marrying The Woman I Love has made it tough to hang on to The Job I Love.
Though half of all American marriages contracted since 1970 will end in divorce, the man who would be king in the business world was expected to remain wed to the princess who floated down the aisle, a white cloud on her father’s arm, the day after graduation. Gusty change is finally rattling the windows of the nation’s most conservative secular institution, the corporation.
He served as chairman of Wharton's Board of Overseers for over 15 years and continued as a member of the board until his death.
The Steinberg name is highly visible at Wharton, most notably attached to Steinberg-Dietrich Hall, which served as the main undergraduate building, containing classrooms, lounges, computer labs, and departmental offices. Steinberg's brother, Robert or "Bobby" worked as a senior executive at Reliance, helping Steinberg run the company for many years.
“Indulgence is an issue for people who have worked very hard to get where they are.