Word: ceo
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...easy knocks against GE is that it board has not kept CEO Jeff Immelt on a shorter leash. He should have been forced out of many of the company's consumer and industrial businesses more quickly. That criticism seems reasonable. Immelt has also hung on to NBCU, the company's entertainment unit. While it does not belong with the rest of GE's businesses, it performance has not harmed the parent. At its worst, it can be viewed as an expensive way to get good seats at the Olympics. Looked at in a better light it bought in $3.1 billion...
...media has become fascinated with Yahoo again over the last few weeks as it finally found a new CEO to run the company in the place of founder Jerry Yang who was part of the Microsoft foul-up. Carol Bartz was the head of Autodesk (ADSK) from 1992 to 2006. She deserves whatever credit she got for improving Autodesk's fortunes. The stock soared over the period that she ran the company. (See pictures of TIME's Wall Street covers...
...numbers are not the reason that Yahoo does not matter. What matters is that it is no longer a company with even a modest voice in the media industry. The time when Microsoft CEO Steve Ballmer might have bought it or its search division is probably over. Ballmer is, as most good businessmen should be, ruthless beyond the imagination of the general public. He gave Yahoo's board a chance to do the right thing for its shareholders. Once Yahoo turned Ballmer down, he kept leaking comments about ongoing interest to the press. Just as Yahoo was beginning take...
...case I get laid off tomorrow? Can I really tell my snobby friends that I now shop at - egads - Walmart? To gauge the mindset of the American consumer, and the state of shopping during this recession, TIME checked in with respected retail expert Paco Underhill, the CEO of Envirosell, a consulting firm, and author of Why We Buy: The Science of Shopping...
...year. It is another highly successful company in the education field which should benefit from the need of people out of work to develop new skills. In the most recent quarter, the company's profits rose 86% and it increased its forecast for the current year. The firm's CEO recently said "Although difficult to quantify, current trends indicate that the recession has helped increase marketing leads and student enrollment." It sounds like Corinthian may be hiring. On-line education is definitely in the boom phase of expansion...