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Brabeck wants Nestle's management structure to pay less attention to national boundaries, and he has begun to get his way. Nestle's water business is now run as a global operation out of Paris, and its eye-care business was spun off as a separate company, Alcon, with its own stock-market listing. Nestle's most futuristic business, an attempt to develop nutritional supplements that enhance beauty, is being pursued as a joint venture with L'Oreal. But Nestle's national organizations still manufacture much of what they sell locally, controlling the chocolate, milk and most other products they...
...high school sweetheart in 1978 and completing medical school and a string of residencies, Vasella started as an attending physician at a university hospital in Bern in 1984. Though he loved working closely with patients, it bothered him that he knew little about business, especially because he had begun to invest modestly in stocks. Four years of psychoanalysis, Vasella says, helped free him "from the rules and obligations one imposes on oneself" and give him the courage to leap into a new career. In 1987 he sought the advice of Max Link, the well-connected and accessible head...
...staying right behind the leader until she wears out and then vaulting past her right near the end. In the 2008 race for the Democratic presidential nomination, Hillary Clinton has two racers on her heels, and so far they have been working fairly well together. But as Clinton has begun to show signs of flagging, Barack Obama and John Edwards are now facing a difficult choice: continue to focus their attacks on the front-runner or go after each another to become what might be called the un-Hillary...
...hurdle was the Supreme Court, which had begun to challenge the government's extrajudicial detentions and examine potentially corrupt privatization schemes. In July it reinstated Chaudhry, and when the Musharraf-Bhutto deal was announced, the court questioned the general's right to drop a slew of corruption charges against Bhutto and to keep Sharif in exile. In early October, after Musharraf was re-elected President by the Parliament and state assemblies--the opposition parties all boycotted the process--the court began hearing challenges as to whether the vote and Musharraf's candidacy were constitutional. The decision was meant...
...mountains, which has allowed religious extremists and militants to regroup. They have since spread into more moderate parts of the country. A U.S. National Intelligence Estimate in July found that over the past two years, al-Qaeda had made a comeback in Pakistan, re-established training camps and begun plotting fresh attacks against the U.S. When the cease-fire ended nearly a year later, suicide bombings suspected of being linked to al-Qaeda had become a regular feature of Pakistani life...