Gift Guide

Chainsaw: The Notorious Career of Al Dunlap in the Era of Profit-at-Any-Price


"If he were on fire, I wouldn’t piss on him."
—Albert Dunlap on the author

If you think corporate greed went out with the ‘80s, think again. The story of Chainsaw Al Dunlap, the CEO who tore apart Sunbeam, is a saga of duplicity and ego that rivals Barbarians at the Gate. Written by John A. Byrne, a distinguished senior writer at Business Week, this story of one street-fighter’s rise to the corporate penthouse-and the shattering fall caused by his own avarice-comes straight ...

See more details below
This Hardcover is Not Available through
Sending request ...


"If he were on fire, I wouldn’t piss on him."
—Albert Dunlap on the author

If you think corporate greed went out with the ‘80s, think again. The story of Chainsaw Al Dunlap, the CEO who tore apart Sunbeam, is a saga of duplicity and ego that rivals Barbarians at the Gate. Written by John A. Byrne, a distinguished senior writer at Business Week, this story of one street-fighter’s rise to the corporate penthouse-and the shattering fall caused by his own avarice-comes straight from today’s headlines.

Byrne weaves together a network of extensive reporting to present a strong, filmic narrative of an out-of-control company and corporate excess in the go-go ‘90s. Al Dunlap, the focus of Chainsaw: The Notorious Career of Al Dunlap in the Era of Profit-at-Any-Price (HarperBusiness; October 28, 1999; $26.00), was a business celebrity whose stomach for firing thousands earned him the nickname of "the Patton of the business world." At small appliance maker Sunbeam, however, he became ensnared in his own greed, with disastrous consequences.

Dunlap-a man who designed an office suite with one room for his dogs and another for his bodyguard-stopped at nothing to realize his vision for Sunbeam, even as he was challenged by Wall Street analysts and his own top lieutenants. Chainsaw opens with a dramatic boardroom scene, as the newly-hired Dunlap makes the senior officers of Sunbeam plead for their jobs. The layoffs begin on his second day, and for two years, Dunlap’s management style, which Byrne calls "brutal pressure on honest people," would terrorize the company. "He sucked the very life and soul out of companies and people," Byrne writes. In the end Dunlap had announced the layoffs off 11,100 Sunbeam employees, firing only one of them in person.

Many of the book’s main players are business stars themselves. Two of Sunbeam’s main investors are Wall Street titans, billionaire financier Ron Perelman and fund manager Michael Price (known as "the scariest S.O.B. on Wall Street"). Hedge-fund wheeler-dealer Michael Steinhardt-who Time magazine named one of the 25 most influential Americans of 1998-is also included. In addition, George Soros and Kerry Packer are supporting players in this drama, which draws its assorted characters from business powerhouses such as Morgan Stanley, Skadden Arps, Coopers & Lybrand (now Pricewaterhouse Coopers), and Arthur Andersen.

Byrne delivers the inside corporate plotting, giving events a Grisham-esque sense of drama, but he is also careful to put Dunlap’s reign at Sunbeam in a broader context. "Chainsaw Al was a creation of the Street and its ceaseless lust for profit at any cost," says Byrne. For Dunlap to prosper, he required a fast-and-loose environment, where the illusion of a company’s speedy turnaround was enough to send its stock soaring. Byrne’s strong knowledge of Wall Street gives edge to this portion of the story; it’s thrilling to follow Sunbeam’s ups-and-downs through the eyes of many of the analysts watching the company. Given special attention is PaineWebber’s Andrew Shore, a young hotshot whose calls on Sunbeam were some of the riskiest of his career.

Dunlap succeeded partly because of his media savvy. "He was good copy and great TV," Byrne notes. Dunlap even wrote a successful business book, Mean Business: How I Save Bad Companies and Make Good Companies Great. While he urged the executives at his companies to buy the book, however, Dunlap didn’t follow its tenets. At Sunbeam, he was not a reorganizer, not a builder, but an "impostor," Byrne says.

Chainsaw is rich in telling character details (such as the story that Dunlap hoped to marry his second wife before the end of a calendar year for tax purposes) but it also has a moral center. The mad pursuit of wealth it portrays takes place at the expense of customers and employees. "During the greatest bull market in the history of the Stock Exchange," notes Byrne, "the self-proclaimed friend of shareholders had lost hundreds of millions of dollars at a consumer products company when consumer spending reached record highs."

About the Author:

John A. Byrne is a distinguished senior writer for Business Week, the author of Informed Consent and The Whiz Kids, and the co-author (with John Sculley) of Odyssey. Byrne has followed Al Dunlap’s career for many years and developed an extensive network of sources. For this book, he interviewed Sunbeam directors and executives, investment bankers, analysts, and even Dunlap’s estranged family. Byrne lives in the New York metropolitan area.

Read More Show Less

Editorial Reviews

Publishers Weekly - Publisher's Weekly
It would be hard to imagine a more scathing indictment of one man's career and character than this blistering saga by Byrne (Informed Consent), a senior writer for Business Week. Dubbed "Chainsaw Al" for his management style, which featured massive layoffs, Dunlap became a business star when he appeared to have turned around the ailing Scott Paper Co. and then arranged its sale to Kimberley-Clark, a move that made millions for Scott's shareholders and executives. After leaving Scott, Dunlap was recruited by mutual fund manager Michael Price to improve the lethargic stock price of Sunbeam, and Dunlap immediately went to work, slashing thousands of jobs and shutting dozens of plants. His strategy was to fatten up the company's bottom line as quickly as possible and then sell the company. But as Wall Street supported Dunlap's tactics by increasing the company's stock price, Sunbeam became impossible to sell. By Byrne's account, Dunlap, desperate to find a way to hide the shortcuts and questionable business practices he had used to "make the numbers" in 1997, went on an acquisition spree, buying three companies at inflated prices. But the acquisitions increased Sunbeam's debt, and when it became clear that Dunlap had lost control of the company, he was forced to resign. During his career, Dunlap created no shortage of enemies, who were more than willing to share their views with Byrne. Byrne captures the chaos that became Sunbeam in this sizzling tale of what can happen when greed trumps all other management considerations. (Oct.) Copyright 1999 Cahners Business Information.
Read More Show Less

Product Details

  • ISBN-13: 9780756780456
  • Publisher: DIANE Publishing Company
  • Publication date: 6/30/1999
  • Pages: 400

Meet the Author

John A. Byrne is the editor in chief of Fast Company. Formerly a senior writer for Business Week, he is the author of several other books, including Odyssey (coauthored with John Sculley), The Whiz Kids, and Informed Consent. Most recently, Byrne was Jack Welch's collaborator on Jack: Straight from the Gut.

Read More Show Less

Read an Excerpt

Chapter One

Mean Business (The Nonfiction Version)

One by one, they briskly walked into the penthouse boardroom of the Sun-Sentinel building in Fort Lauderdale, Florida. It was the only truly exquisite space at Sunbeam Corp. headquarters. Perched atop the modern glass - and-concrete structure in a dome, twenty-one floors up from the ground, it offered stunning views of the Atlantic Ocean. Through the vast tinted windows on three walls, visitors could see the sun glisten off the ocean's surface, watch the rolling waves of incoming storms, and glimpse the sea gulls gliding on the salty air.

The men, restive and fidgety, took their places in the dark green leather chairs around the mahogany table.

James J. Clegg, the towering chief operating officer, had canceled his family vacation in the Caribbean to be there. He had flown in from Chicago's O'Hare Airport the night before with Richard L. Boynton, Jr., the feisty and volatile president of the household products division. Rob Johnson, the acting head of outdoor products, had come from Nashville, where he was based.

Corporate staff were there already, waiting for the man who would soon decide their fates. David Fannin, an earnest Kentucky lawyer who had been the company's chief counsel, had hammered out an employment contract for Dunlap's longtime sidekick Russell Kersh so that Kersh could be at Dunlap's side on his very first day of work. Paul O'Hara, the lanky chief financial officer, and James Wilson, the thinas-a-rail head of human resources, didn't know what to expect.

At precisely 9 A.M., on this Monday, July 22, Albert J. Dunlap marched into the roomwithout introduction, without issuing a single greeting to any of the anxious men around the table. He looked exactly as he appeared in many of the photographs that accompanied the various articles the men had read that weekend. He wore his pinstripes like a military uniform, meticulously pressed, without a single wrinkle or a stray thread, and perfectly fitted to his stocky frame. A white handkerchief peeked out of the chest pocket on his dark blue suit jacket. On his left hand, he sported a chunky West Point class ring above his gold wedding band.

The silver-haired Dunlap also wore a severe look on his face. His hard blue eyes, hidden by dark glasses, canvassed the room, fixing on each one of them. Only Spencer J. Volk, the baritone-voiced international president, was missing. Just moments before Dunlap's entrance, he had gone out to the men's room. And when he returned, no more than a minute past the appointed start time, Dunlap attacked him with vigor.

"Who arc you?" he shouted as the man gingerly tiptoed to his seat.

"I'm Spencer Volk, sir. I'm head of international business," he said in a voice as smooth as a network television anchor's.

"Why arc you late?" barked Dunlap.

"I was in the men's room," Volk nearly whispered.

"When I say we have a meeting at 9 o'clock," bellowed Dunlap, "it starts at 9! Gentlemen, look at your watches. Your lives will never be the same from this moment onward."

Like George C. Scott in the movie Patton, Dunlap began by delivering a spellbinding, if sometimes disjointed, monologue on himself and the company.

"The old Sunbeam is over today!" he proclaimed. "Let's get one thing clear: By God, I'm not Schipke. And I'm not Kazarian," he said, referring to the company's two previous chief executives, Roger Schipke and Paul Kazarian.

"You guys arc responsible for the demise of Sunbeam!" Dunlap roared, tossing his glasses onto the table. "You are the ones who have played this political, bullshit game with Michael Price and Michael Steinhardt. You are the guys responsible for this crap, and I'm here to tell you that things have changed. The old Sunbeam is over today. It's over! "

Glaring fiercely, Dunlap kept repeating the phrase, again and again, saliva sputtering from his lips. His chest was puffed out and his face flushed a bright red. The men stared in silence, incredulous at this outrageous performance, almost expecting Dunlap, like Patton, to slap someone out of frustration. Dunlap's bluster and mad grin, his oversized gleaming teeth too big for his face, seemed to fill the room.

"This is the best day of your life if you are good at what you do and willing to accept change," continued Dunlap, through his clenched teeth. "And it's the worst day of your life if you're not."

Virtually every executive there already believed that his survival would be merely a matter of chance. What they knew about the business or what they had achieved in the past was irrelevant. Survivors, they would soon understand, had to humbly accept blame for failure, and had to swear allegiance to Al and to Russ. Little else mattered.

Because on this day, the first day of the Dunlap era, they were a bunch of duds. They were losers and washouts, directly responsible for the company's failures. Dunlap wanted them to know that's all they were: corporate trash. P. Newton White, who had worked with Dunlap at Scott Paper and would soon join the team at Sunbeam, thought that Dunlap's management skills came right out of the military. "Yeah, Al, I understand," he would say, "piss all over them and then we'll build them back up." Except that some didn't want to be reconstructed by an Albert Dunlap. Some of them already wanted out. At least then they could take their severance pay and walk away from what was surely going to be a living hell, working for an impulsive and abusive loudmouth.

Dunlap tossed off questions and remarks as if they were hand grenades, waiting for an explosion to occur. After noting that Sunbeam had missed five consecutive quarters of profit and revenue estimates, he turned to Paul O'Hara, the company's chief financial officer, who sat next to him, and said: "And you delivered these numbers. How could you in good conscience have done that? How could...

Read More Show Less

Table of Contents

The Principal Players                             xi
 Prologue                                        xiii   
 Mean Business (the Nonfiction Version)             1   
 ``I So Love Them''                                10   
 ``Strip Me Naked!''                               20   
 Pirates and Tribes                                38   
 Another Downsizing                                56   
 Coping with the Al Dunlaps                        70   
 Rambo                                             93   
 The Blanket with a Brain                         110   
 A Quiet Rebellion                                126   
 The Secret Room                                  141   
 The Ditty Bag                                    153   
 ``Don't You Think I'm a Bargain?''               171   
 ``A Triple!''                                    187   
 Indecent Disclosure                              208   
 An Analyst's Call                                227   
 ``Excuse Me, I'm Not a Cook!''                   250   
 ``I'll Come Back at You Twice as Hard''          264   
 ``Too Rich and Famous''                          275   
 ``You Want to Quit?''                            283   
 A Matter of Conscience                           299   
 What Goes Around, Comes Around                   317   
 ``I Screwed the Pooch!''                         328 
 Epilogue                                         351 
 Author's Note                                    355 
 Appendix                                         359 
 Notes & Sources                                  365 
 Index                                            387
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)