• THE 80/20 MODEL
• "CONQUER AND DIVIDE"
• A SMALL LAG, BUT A PROMISING FUTURE
• SOURCES FOR FURTHER INFORMATION

Chairman and chief executive officer, Illinois Tool Works

Nationality: American.

Born: 1943.

Education: University of Detroit, bachelor's in electrical engineering, 1965.

Career: Illinois Tool Works, 1965–1995, various positions; 1995–1996, chief executive officer; 1996–, chairman and chief executive officer.

Address: Illinois Tool Works, 3600 West Lake Avenue, Glenview, Illinois 60025-8511; http://www.itw.com.

■ W. James (Jim) Farrell joined Illinois Tool Works (ITW) in 1965. He was involved in most facets of the business at ITW throughout...