Word: behemoths
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Dates: during 2000-2009
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...have been for temporary housing, and they have gone, by and large, to companies with strong ties to the Bush Administration, including Bechtel, Fluor and the Shaw Group, which recently built a helicopter pad for Vice President Dick Cheney's home in Washington. A $3 billion engineering-and-consulting behemoth that has equally close connections to the Louisiana Democratic Party, the Shaw Group, based in Baton Rouge, La., counts former Bush campaign manager Joe Allbaugh as one of its lobbyists in Washington and has scored two separate $100 million Katrina-related contracts--one to help the Army Corps of Engineers...
...Taiwan is reaching for the limelight. Earlier this month, Taiwan consumer-electronics company BenQ, a relatively unknown maker of everything from notebook computers to LCD TVs to MP3 players, agreed to acquire the mobile-phone business of German behemoth Siemens, thereby becoming the world's fourth-largest mobile-phone company with total annual revenues of nearly $11 billion. Not only is the firm gaining size, it is gaining marketplace visibility. BenQ gets to use the top-notch Siemens brand name for five years. K.Y. Lee, BenQ's ceo, plans to mark his phones BenQ-Siemens, pumping his own brand more...
...billion-dollar mergers and acquisitions become a commonplace in today's corporate world, many executives are finding that making spinoff deals may be easier than managing behemoth-size businesses. Last week Allied-Signal, the product of a $5 billion merger made just seven months ago, announced that it would be divesting itself of some 30 divisions, whose sales total $3 billion. The slimmed-down company plans to focus on its aerospace, automotive and chemicals groups. As part of the restructuring, Allied-Signal plans to eliminate 3,000 jobs and take other cost-cutting measures that should generate savings of about...
Implausibly, the quarterback almost has to be the toughest guy on the team. Behemoth Baltimore linemen once whimpered under the tongue-lashings of Johnny Unitas, and now the San Diego Chargers are like children in the presence of Dan Fouts. It is not a matter of bodily courage, which Theismann has in abundance. Something about a man just moves other men in this industry, moves them up the field. After he inherited the Redskins four years ago, Coach Joe Gibbs' first disappointment was that his quarterback had none of that. The second was that Theismann couldn't even...
CONVICTED. DENNIS KOZLOWSKI, 58, former CEO of Tyco International, and MARK SWARTZ, 44, the company's longtime chief financial officer; of stealing more than $500 million in cash and stock sales from the global manufacturing behemoth they built; after a four-month second trial (the first was declared a mistrial last year); in New York City. The jury found both men guilty of charges that include grand larceny, securities fraud and falsifying business records. Each faces up to 30 years in prison...