Word: central
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Cathie Black is sitting as close to the top of the world as you can get in midtown Manhattan. In her corner office on the 43rd floor of the shimmering new Hearst Tower, Black, the president of Hearst Magazines, gazes through her floor-to-ceiling windows at Central Park to the north and the Hudson River to the west. Tall, blond, self-confident, Black has a style that's polished to a high gloss...
This kind of central command and control, long out of favor in corporate America (not to mention the People's Republic of China), is now being de-emphasized. Castro-Wright, 52, is pushing executives out to where the stores are and bringing in local hires. The company has created five U.S. regions and staffed them as if they were independent $8 billion-to-$12 billion retailers. The Southeast regional headquarters is in Atlanta; the Midwest is run out of Chicago. Both regions are headed by locals, which will give the company more political clout in the sometimes contentious battles...
Next year is critical for Wal-Mart: it must deliver on the promises made to Wall Street. In its struggles, Wal-Mart faintly resembles another company that once ruled retailing from a central HQ. Sears, Roebuck grew fat supplying rural and small-town America, but ultimately its culture couldn't adjust to shopping-mall America or to discounters. Shoppers today have little idea how awesome was the power of the Chicago merchant. And before Sears there was the Great Atlantic & Pacific Tea Co., the A&P, an urban power that once ran nearly 16,000 U.S. stores. Competitors quaked before...
...will earn an estimated $10 million annually for 10 years in licensing fees from AMG. MTV also has deals with AMG and its parent, TECOM Investments, both controlled by the ruler of Dubai, to launch an Arabic version of Nickelodeon kids' channel next year. A Comedy Central channel, film co-production deals with Paramount (a unit of MTV's parent, Viacom) and a Nickelodeon hotel are also under discussion. "Our vision in the long run is to create a global media hub out of Dubai," says Abdullatif al-Mulla, a former Microsoft executive who is TECOM...
...four doors in the set lead elsewhere within the mental hospital. Each of these doors is absurd in a particular way. One is three feet tall, while another is nine feet tall. A third has ten doorknobs, with only one that works, and the final door pivots around a central pole instead of opening on hinges. Also, the grid pattern on the floor is warped, giving it the general effect of an M.C. Escher painting, according to the assistant director, Julia L. Renaud ’09. “The set overall reflects the unstable or skewed logic...