Word: businessese
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Those with healthy balance sheets, however, see a silver lining. Basil Stephanis, president of Selonda, a $167 million aquaculture company with fish farms in Greece, Turkey and Wales, says Greece's woes are "an opportunity to consolidate and buy up companies with liquidity problems." Constantine Petropoulos, chairman of Petros Petropoulos...
TIME says, "We owe it to the survivors ... to help build a Haiti that will never again be so vulnerable" [Feb. 1]. Does this mean other nations can persuade the handful of families and businesses that control the wealth of Haiti to begin paying appropriate taxes? Does this mean Haitian...
Indeed. Yet six months later, Barrett is being hailed as the leader Cardinal needed to restore its vigor. It came at a critical time, given that any health care company has to be in a position to pivot off of whatever health care reform plan emerges from Congress. His strategy...
Walter stepped down in 2006, and soon after, it became clear that Cardinal's strategy wasn't sustainable. "The old Cardinal Health had so many different businesses, and they could never quite get them all moving in the right direction at the same time," says Lazard Capital market analyst Tom...
President Obama's $3.8 trillion budget for 2011 drew fire from lawmakers who say the plan does not seek to make a deep-enough dent in the soaring U.S. deficit, expected to hit a record $1.56 trillion this year. Obama blamed the shortfall in part on the "decade of profligacy...