Word: bids
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...while a few Germans see Wendelin Wiedeking, departing CEO of German sports car maker Porsche, as the victim of a public lynching by media, few feel bad for him. Wiedeking had a 17-year run at Porsche, the Stuttgart-based sports car icon which has just failed in its bid to take over motoring giant Volkswagen and will now be merged into the VW group. He took the job when Porsche was on the skids and transformed the company into a lean, profitable manufacturer while reestablishing Porsche as a leading global brand...
There is another lesson in Wiedeking's downfall, a lesson unlikely to be lost on automotive executives, investment bankers or even European Union bureaucrats: Volkswagen is not just any German company. Wiedeking lost his bid for control of VW when he lost the support of Ferdinand Piech, the VW supervisory board chairman who initially backed a Porsche takeover. Piech realized that Christian Wulff, the premier of the state of Lower Saxony, which holds a blocking stake in the carmaker, would not support a takeover. All Wulff had to do was use the so-called Volkswagen...
...original Mr. Six ads ran from 2004 to 2005. But when Washington Redskins owner Daniel Snyder, Six Flags' largest shareholder, won his bid to take control of the company in late 2005, he ripped the campaign. His management team soon killed the ads. "Mr. Six went on sabbatical," says Angie Vieira Barocas, senior VP of marketing and entertainment at Six Flags. "People associated him with Six Flags, but he wasn't necessarily converting people's intention to visit our parks into actual visitation." (See pictures of theme parks in China...
...when the north and south signed the Comprehensive Peace Agreement (CPA) that ended the war, they could not agree on the fate of Abyei, a region that sits along the hazy border and is home to several oil fields and an oil pipeline. In a bid to settle the dispute, negotiators drew up clear boundaries for Abyei, put it under joint administration and planned a 2011 referendum for its people to decide their region's fate. (Read "Sudan's Leader Shuts Down Aid Groups...
...bid to salvage the CPA, the two sides agreed to ask the Permanent Court of Arbitration, essentially a stop of last resort for disagreements that can't be solved elsewhere, to determine if the earlier ruling on Abyei's boundaries was correct. Making its ruling on Wednesday, the court issued a 286-page document that, while heavy on legalistic language justifying its decision to redraw Abyei's borders, seemed to be a fairly straightforward political compromise...