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...company Anglo American in South Africa. They set up a venture-capital fund for local black entrepreneurs who were setting up small businesses. Mainly these businesses were aimed at supplying services and goods to Anglo American mines. This project not only provided financing, it gave training. It also provided access to the purchasing managers of a major multinational. So, it was an excellent project which helped local communities and leveraged the expertise of the company itself...
Even worse, Britain's Office of Fair Trading (OFT) and the U.S. Department of Justice fined BA more than $500 million in August for price fixing. Ten current and former BA executives face the possibility of criminal prosecution in the U.S. All this comes just as access to the transatlantic market out of Heathrow Airport--now restricted to BA and a few other carriers--is about to be blown wide open...
...shares have plunged almost a third since February, owing partly to worries that liberalization of the transatlantic market next year will cut into its profits. Under current rules, only BA, Virgin, American Airlines and United Airlines can fly to and from the U.S. via Heathrow. For BA, that restricted access has been a gold mine. In the wake of 9/11, BA "rightly used the cartel of Heathrow to the U.S. to generate a large proportion of recovery in profits," says Nick van den Brul, an airline analyst at BNP Paribas in London...
...company like Goldman has access to plenty of talent, but shaping a team in a hot market with a lousy infrastructure required a new strategy. As more foreign banks move in and local institutions grow, salaries in India's financial-services sector, like those in the even hotter technology sector, are skyrocketing, and turnover in many firms tops 35%. Goldman "took a different approach to hiring than most multinationals," says Luis Moniz, a Mumbai-based analyst for the human-resources consultancy Heidrick & Struggles. Most rivals tried a balanced approach, with half local hires for on-the-ground expertise and half...
Veteran court chronicler Toobin turns his gaze to the Supremes. With stylish writing and unparalleled access to the Justices, he explores the Judicial Branch's recent extreme rightward trajectory. His conclusion? The John Roberts court is on the move and gunning for precedents...