Lars Nyberg --
CEO of NCR Corp.
| On June 1, 1995 Lars Nyberg, a native Swede who had spent his entire career in Europe, became chairman of what was then called "AT&T Global Information Solutions" -- the once and future NCR Corp.|
After authorizing painful job cuts within a few months of his arrival, Nyberg presided over the rebirth of NCR, both in name and financial stability.
Background on Lars Nyberg:
Born: Dec. 7, 1951 in Sweden.
Family: Married with four children. Two are grown and a third, as of 1997, was in boarding school in Sweden. The youngest, a boy, attended Miami Valley School.
Title: chairman and chief executive.
His first day in the job was June 1, 1995.
Previous employment: 20 years at European electronics giant Philips NV.
Compensation: In 1996 Nyberg was paid $3.7 million. Of that, $1.9 million was a year-end, lump-sum payment in lieu of special pension benefits Nyberg would have received had heremained employed by AT&T. (NCR became independent of AT&T at the end of 1996 through a planned "spinoff.")
Nyberg's employment contract calls for him to receive a $3.8million bonus in June 1999 if he is still leading the company and a $2 millionsigning bonus if he receives and accepts a contract extension that year.
Q &A with Lars Nyberg: DDN business reporter Jim Dillon interviewed Nyberg one year after he came to Dayton. See the complete Q&A.
DDN 5-5-95 -- GIS GETS NEW BOSS
File created: 12-11-1995
DDN 5-23-95 -- NYBERG HAS A LOT OF LISTENING AHEAD
DDN 9-21-95 -- NEW BOSS PREDICTS PROFIT IN '97
DDN 5-19-96 -- 'I WANTED THIS JOB
DDN 3-15-97 -- NYBERG MADE $3.7 MILLION