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Despite its scale, Cadbury has been hobbled by decisions made years, even decades ago that have hampered its ability to compete globally. For instance, Cadbury doesn't control its own chocolate brand in the U.S., having sold those rights to Hershey in 1988 under a 25-year agreement that only Hershey can terminate. The idea at the time was that Hershey had the distribution power Cadbury was lacking to compete with Mars and Nestlé. But losing control of your own brand's destiny in a major market doesn't look smart today...

Author: /time Magazine | Title: Is Parting Sweet for Cadbury? | 8/28/2008 | See Source »

Along with his wife Eileen, Ford revolutionized the industry when he began negotiating lucrative contracts for models to represent certain brands exclusively; the first such agreement was between Lauren Hutton and Revlon in 1974. In doing so, he demanded higher fees and made many of his clients household names, including Christie Brinkley and Brooke Shields...

Author: /time Magazine | Title: Jerry Ford | 8/28/2008 | See Source »

...sentence statement, straightforward and clear as a bell, came from the North Korean foreign ministry on Aug. 26. "We have decided to immediately discontinue the disablement of our nuclear facilities that has been under way in accordance with the Oct. 3 [6-party] agreement. We will consider taking actions to quickly restore the Yongbyon nuclear facilities at the strong request of our related institutions." (Read: the North Korean military...

Author: /time Magazine | Title: N Korea Reneges on Nukes — Again | 8/27/2008 | See Source »

...literally true that diplomats in international capitals who have to deal with Pyongyang are those that draw the shortest straw. But it probably should be. No deal with the North is ever set in stone. And so it is again with the agreement Kim Jong Il signed last year to disable his nuclear bomb-making equipment and get rid of the nukes that Pyongyang has already produced - between 6 and 10, according to notoriously inaccurate CIA estimates. The government did disable the Yongbyon reactor, its key source of nuclear fuel, and blew up its cooling tower with the world...

Author: /time Magazine | Title: N Korea Reneges on Nukes — Again | 8/27/2008 | See Source »

...avoided spelling out the latest thinking among negotiators on the question of immunity, saying "this issue, as you know, is also a sensitive issue that deals with sovereignty." But the Iraqi foreign minister made clear he at least thinks new rules will apply in the coming Status of Forces Agreement, or SOFA, which U.S. and Iraqi negotiators hope to complete before the end of the year. "What we have accomplished in this agreement is the most advanced version of any SOFA or strategic agreement between the United States and any other country in the world." Whether it strips American soldiers...

Author: /time Magazine | Title: Should Iraq Prosecute US Soldiers? | 8/26/2008 | See Source »

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