In 1989, James Broadhead succeeded Chairman Marshall McDonald. Broadhead placed an emphasis on commitment to quality and customer service, increasing focus on the utilities industry, expanding capacity, and improving cost positions. He took measures to scale back the intense quality controls while still working to preserve the high level of operational efficiency. Furthermore, Broadhead brought focus back to FPL’s core business – utilities, by selling off many of its non-utility businesses. FPL also budgeted $6.6 billion, spread over five years, for expansion. They funded the development through internal profits and by issuing $3.7 billion of long-term debt and $1.9 billion of common stock.