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...that has afflicted the companies' management structure as much as the guts of the planes themselves. Airbus, a four-nation consortium backed by millions of euros of taxpayers' money, was once hailed as a model of European industrial cooperation. In fact, its structure, which distributes management and blue-collar jobs among its various state and private owners, has turned Airbus into a nightmare of corporate governance. It has become an enterprise in which political considerations carry more weight than commercial ones, where horse-trading trumps industrial efficiency, and where the national interests of its partners are balanced so carefully that...
...turn, blamed EADS management in Munich. With so many clamoring stakeholders, any would-be Airbus reformer has his work cut out. EADS co-ceo Thomas Enders met with Germany's Economics Minister, Michael Glos, last Thursday, and promised him that Airbus wasn't looking for mass layoffs of blue-collar workers, but for administrative streamlining. His reassurances didn't stop calls in Germany for the government to take a big stake in EADS to counterbalance the 15% owned by the French state. (The two other big owners are Germany's DaimlerChrysler and France's Lagardère group, both...
...Maybe the color of the Nobel Prize medal should be changed from gold to red, white and blue. U.S. researchers swept the science awards for the first time since 1983. But the joy came with a warning from many in the U.S. scientific community: the kind of basic research that won Nobels is no longer getting adequate funding. Without more funds, they argue, U.S. scientific dominance won't last, as other nations become more competitive in these cutting-edge fields...
...court settlement finds himself often presiding over the cases of Harvard students. The district attorney’s office would not comment on the rationale behind Sprague’s decision, but the judge’s undergraduate experience at the College might shed light on his views.A BLUE-BLOOD CRIMSONITETed McKinney ’60, who lived a floor above the judge during their freshman year, said Sprague was a focused student with conservative tendencies. Fellow classmate Foley Vaughn ’60 wrote in an e-mail that Sprague was “very Brahmin...
...reputation for fiercely independent faculty. Probably not too well. My image of the quintessential professor here is Professor Evangelinus Apostolides Sophocles, University Professor of Ancient, Byzantine, and Modern Greek from 1860 to 1883, who lived by himself in Holworthy Hall, kept chickens in his room and wore a blue cloak and wild beard, that made, in the words of Professor Henry W. Longfellow, “Diogenes a possibility...