ALEXANDER M. CUTLER
The chairman and CEO of Eaton Corporation, a power-management company. The company is mainly producing hydraulics components, systems and services; electrical components and systems; vehicle drivetrain and powertrain systems; and aerospace fuel, hydraulics and pneumatic systems. Mr. Cutler's assisted in the diversification of the company beyond its initial business, the acquisition of Westinghouse and numerous different companies while selling the less successful divisions of Eaton, and also in the production of automotive parts.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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