Edward Hopper Morning Sun painting
Amedeo Modigliani Reclining Nude painting
Former Lucent Technologies board chairman Henry Schacht is shown in this undated file photo. Lucent's board has forced out Richard McGinn as chairman and chief executive after a series of financial disappointments Monday, Oct. 23, 2000, in Murray Hill, N.J. The maker of telecomms equipment said that Schacht, 66, would replace McGinn in both posts and will lead the search for his successor.
NEW YORK - Lucent Technologies Inc. on Monday fired Chairman and Chief Executive Rich McGinn, posted a 22-percent drop in fourth-quarter profits, and slashed its sales and profit outlook for the first quarter of 2001. McGinn's ouster follows several quarters of disappointing profits at the world's largest telecommunications equipment maker, as well as manufacturing constraints and late introductions of new optical-networking products. Lucent said its fourth-quarter profits from continuing operations fell to
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