Word: carpe
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Dates: during 2000-2009
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...like change," says Eastman Kodak CEO Daniel Carp. "I'm one of those people that has to have change." Good thing, because Kodak has had plenty of it. Carp is now well into the monumental task of dragging the iconic American company that invented consumer photography more than a century ago into the fast-moving, low-margin world of the digital era. He has little choice. As digital cameras have grown in popularity, Kodak's profitable film business has gone into free fall. Not the first Kodak CEO to try to refocus the company on the digital future, Carp...
Today such skepticism on the Street, if far from gone, is tempered by pleasant surprise. A year after Carp launched the restructuring, Kodak has lined up a respectable portfolio of increasingly lucrative digital products and services. The company, based in Rochester, N.Y., lost $12 million in the last quarter of 2004, but that was largely because of restructuring costs. Meanwhile, its revenues actually climbed 3%, to $3.8 billion, in that period--the 16% decline in Kodak's traditional film business offset by a 40% surge from its digital sales and services. Yet there remain ample reasons for doubt...
...digital technologies, going back to a 1976 digital-camera prototype. More recently, in 2001 it introduced the first of a line in digital cameras named EasyShare that have grown in popularity and today command a leading share of the market, ahead of Sony, according to International Data Corp. Carp began preparing the ground for Kodak's transformation soon after he took over in 2000, placing people from digitally dominant companies like General Electric and Lexmark International into top management posts. After his first COO, Patricia Russo, left to head up Lucent, he replaced her in April 2003 with Antonio Perez...
...after the President's speech, the party's congressional leaders gathered at the Franklin D. Roosevelt memorial to carp. How 70 years ago! "Progressive" Dems-and I use the term advisedly, since liberals seem more interested in preserving the past than in discovering the future-are right to admire Roosevelt. But the Roosevelt they worship is a bronze sculpture, frozen in time. The real F.D.R. was a gutsy innovator. The current Democrats resemble nothing so much as the Republicans during the 25 years after Roosevelt's death-negative, defensive, intellectually feeble, a permanent minority. There are reasons to oppose this...
...SaVanh: Koi carp ponds, opium beds and mammoth buddha heads combine to make Bar SaVanh, tel: (60-3) 2697 1180, the slickest place along Jalan Doraisamy for aperitifs. Soak up the booze with tasty tidbits from CoChine, the Indo-Chinese restaurant upstairs...