Word: carriere
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...that a US Airways--led deal might be a good idea. They've sort of done it before, having combined with America West. US Airways CEO Doug Parker, 44, is a sharp executive who transformed his previous employer, America West, into the first successful low-fare hub-and-spoke carrier. A team player, Parker passed up a bonus this March. The merger of America West and US Airways, which he oversaw, has been a success. US Airways used to spend 40% of its revenue on labor; now that figure is 17%, according to AirlineForecasts. Significant cost cutting and dropping unprofitable...
...report of Baker's bipartisan Iraq Study Group heralds the return of the realists, many of whom worked under Bush the Elder, the most competent foreign policy realist ever to serve as President. Their inner circle huddled last month in Newport News, Va., at the christening of the aircraft carrier named after the former President. They discussed the need for a change to a more pragmatic approach. The cadre included Scowcroft, Baker, Powell and Lawrence Eagleburger (now in Baker's study group) as well as their soft-spoken and clear-minded longtime colleague Robert Gates, who has now been tapped...
...leading candidate to replace Ricke is Rene Obermann, the boyish CEO of T-Mobile, Telekom's fast-growing international mobile phone unit and the fourth-largest wireless carrier in the U.S. Obermann is the candidate preferred by the German government and labor representatives on the supervisory board. But there is some opposition to Obermann's appointment by investors and supervisory board members, who would rather see an outside executive with international experience...
...Liberalization of the European telecommunications industry in 1998 brought an onslaught of competition in local phone markets. Although Telekom is still the dominant carrier in Germany, competition is accelerating and management has been slow to fight back. In August, Ricke issued an unexpected profit warning and then announced plans to cut costs and improve customer service. But the erosion continued. On Thursday, Telekom reported a 20% drop in net profit in the third quarter to $2.48 billion, compared with $3.12 billion the year before. After adjustments for extraordinary income, Telekom's profit was down...
...More importantly, even though the phone physically uses the Sprint network, GreatCall is the operator. If you buy your mother this phone, you won?t get free in-network calling from your carrier, not just Verizon, T-Mobile and Cingular, but even Sprint. The clear message here is that these phones aren?t for gabbers?they?re for people who are worried that their parents don?t have any means to communicate, in case of emergency or just in case. I just don?t know how many people would entrust their elderly parents? safety to a cell-phone carrier that...